UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 10-Q

|ý                                | Quarterly report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934
For the quarterly period ended February 28, 2009                    
|-------------------------------- | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|r                                | Transition report pursuant section 13 or 15(d) of the Securities Exchange Act of 1934
For the transition period from ________________ to ________________
|Commission file number 000-53157

Sungro Minerals Inc.

|Nevada 
(State of Incorporation) | 98-0546544
(I.R.S. Employer Identification No.)
|-------------------------------- | -----------------------------------------------

7445 132nd Street, Suite 2008
			
			Surrey, British Columbia  V3W 5S8
			Tel: (604) 681-3611(Address and telephone number of
			Registrant's principal
			executive offices and principal place of business)


Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes ý
      No r

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See definitions of
"large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act.

|Large accelerated filer r                                              | Accelerated filer r        
|---------------------------------------------------------------------- | ---------------------------
|Non-accelerated filer r

(Do not check if a smaller reporting company) | Smaller reporting company ý

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ý
   No q

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:

Class: common stock - $0.001 par value
			
			Outstanding at April 14, 2009: 9,750,000




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Sungro Minerals Inc.

Financial Statements(Unaudited - Prepared by Management)

February 28, 2009

(Presented In US Dollars)























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Sungro Minerals Inc.

February 28
			
			November 302009
			
			2008(Unaudited)
			
			(Audited)AssetsCurrentCash
			$
			7,613
			$
			14,310LiabilitiesCurrentAccounts payable and accrued liabilities
			$
			16,026
			$
			12,667Stockholders' EquityCapital stock (Note 4)Authorized:75,000,000 common shares, par value
			$0.001 per shareIssued and outstanding:9,750,000 common shares
			
			9,750
			
			9,750Additional paid-in capital
			
			90,250
			
			90,250Deficit accumulated during the
			exploration stage
			
			(108,413)
			
			(98,357)(8,413)
			
			1,643$
			7,613
			$
			14,310Nature of operations and going concern
			(Note 1) Approved by the sole
	director:  /s/ Mal Bains
	Director  The accompanying notes are an integral part of
	these interim financial statements. 3  Sungro Minerals Inc.(An Exploration Stage
	Company)Interim Statement of Stockholders' Equity(Unaudited - Prepared by Management)
	(Presented in US Dollars) For the Period from August 10, 2007
			(Inception) to February 28, 2009Common stockDeficitaccumulatedAdditional
			
			during
			
			TotalNumber of
			
			
			
			paid-in
			
			exploration
			
			stockholders'shares
			
			Amount
			
			capital
			
			stage
			
			equityIssuance of common stock forcash at $0.001 per share
			5,000,000
			$
			5,000
			$
			-
			$
			-
			$
			5,000Issuance of common stock forcash at $0.02 per share
			4,750,000
			
			4,750
			
			90,250
			
			-
			
			95,000Net loss for the period
			-
			
			-
			
			-
			
			(26,395)
			
			(26,395)Balance, November 30, 2007
			9,750,000
			
			9,750
			
			90,250
			
			(26,395)
			
			73,605Net loss for the year
			-
			
			-
			
			-
			
			(71,962)
			
			(71,962)Balance, November 30, 2008
			9,750,000
			
			9,750
			
			90,250
			
			(98,357)
			
			1,643Net loss for the period
			-
			
			-
			
			-
			
			(10,056)
			
			(10,056)Balance, February 28, 2009
			9,750,000
			$
			9,750
			$
			90,250
			$
			(108,413)
			$
			(8,413)   The accompanying notes are an integral part of
	these interim financial statements. 4  SungroMinerals Inc.(An Exploration Stage Company)Interim Statements of Operations(Unaudited - Prepared by Management)
	(Presented in US Dollars) Three Months
			
			Three Months
			
			Period fromEnded
			
			Ended
			
			Inception toFebruary 28
			
			February 29
			
			February 282009
			
			2008
			
			2009General and administrative expensesAccounting and legal
			$
			12,016
			$
			26,652
			$
			91,659Bank charges and interest
			
			51
			
			71
			
			218Foreign exchange loss (gain)
			
			69
			
			399
			
			(111)Office and sundry
			
			-
			
			-
			
			847Transfer agent fee
			
			(2,080)
			
			-
			
			2,54010,056
			
			27,122
			
			95,153Mineral property expensesAcquisition
			
			-
			
			-
			
			2,438Geological consulting
			
			-
			
			-
			
			7,273Travel and transportation
			
			-
			
			-
			
			3,549-
			
			-
			
			13,260Net and comprehensive loss
			$
			(10,056)
			$
			(27,122)
			$
			(108,413)Basic and diluted loss per common share
			$
			(0.00)
			$
			(0.00)Weighted average number of basic anddiluted common shares outstanding
			
			9,750,000
			
			9,750,000  The accompanying notes are an integral part of
	these interim financial statements. 5  SungroMinerals Inc.(An Exploration Stage Company)Interim Statements of Cash Flows(Unaudited - Prepared by Management)
	(Presented in US Dollars) Three Months
			
			Three Months
			
			Period fromEnded
			
			Ended
			
			Inception toFebruary 28
			
			February 28
			
			February 282009
			
			2008
			
			2009Cash flows from operating activitiesNet loss
			$
			(10,056)
			$
			(27,122)
			$
			(108,413)Change in
			accounts payable and accrued 
			    liabilities
			
			3,359
			
			(3,725)
			
			16,026(6,697)
			
			(30,847)
			
			(92,387)Cash flows from financing activitiesIssuance
			of capital stock for cash
			
			-
			
			-
			
			100,000Net change in cash
			
			(6,697)
			
			(30,847)
			
			7,613Cash, beginning of period
			
			14,310
			
			91,769
			
			-Cash, end of period
			$
			7,613
			$
			60,922
			$
			7,613Supplemental cash flow informationInterest
			paid
			$
			-
			$
			-
			$
			-Income
			taxes paid
			$
			-
			$
			-
			$
			-


The accompanying notes are an integral part of these interim financial statements.

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Sungro
	Minerals Inc.
(An Exploration Stage Company)Notes to the Interim Financial Statements
	(Unaudited - Prepared by Management)
	(Presented in US dollars)February 28, 2009


1.       	Nature of Operations and Going Concern

Sungro Minerals Inc. (the "Company") was incorporated in the State of Nevada on August 10, 2007. The Company is engaged in the exploration, development, and acquisition of mineral properties.

The accompanying financial statements have been prepared on the basis of accounting principles applicable to a going concern; accordingly, they do not give effect to adjustment that would be necessary should the Company be unable to continue as a going concern and therefore be required to realize its assets and retire its liabilities in other than the normal course of business and at amounts different from those in the accompanying financial statements. Management plans to raise cash from public or private debt or equity financing, on an as needed basis and in the longer term, to generate revenues from the acquisition, exploration and development of mineral interests, if found. The Company's ability to continue as a going concern is dependent upon achieving profitable operations and/or upon obtaining additional financing. The outcome of these matters cannot be predicted at this time.

2.      	Basis of Presentation

These interim financial statements have been prepared in accordance with U.S. generally accepted accounting principles for financial information and with the instructions to Form 10-Q and Item 310(b) of Regulation S. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary for a fair presentation have been included.  Operating results for the three months ended February 28, 2009 are not necessarily indicative of the results that may be expected for any interim period or an entire year. The Company applies the same accounting policies and methods in its interim financial statements as those in the most recent audited annual financial statements.

3.      	Mineral Property

On September 6, 2007, the Company entered into an agreement (the
"Agreement") with an unrelated party to acquire a 100% interest in certain mineral claims located near Telegraph Creek in northwestern British Columbia. To earn the 100% interest, the Company, at its option, must make payments totaling $100,700 (Cdn$100,000) over a four year period, of which $2,438 (Cdn$2,500) has been paid to date. The vendor of the mineral claims (the
"Vendor") will retain a 2% net smelter return royalty ("NSR"). The Company will have the right to purchase up to 50% of the NSR (representing a 1% NSR) for $941,600 (Cdn$1,000,000) at any time.

As of November 30, 2008 the Company had not made all of the payments required under the Agreement and lost the right to exercise the option.

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Sungro
	Minerals Inc.
(An Exploration Stage Company)Notes to the Interim Financial Statements
	(Unaudited - Prepared by Management)
	(Presented in US dollars)February 28, 2009

4.      	Capital Stock

a)      	Authorized

Authorized capital stock consists of 75,000,000 common shares with a par value of $0.001 per share.

b)      	Share Issuances

During the period ended November 30, 2007, the Company issued 5,000,000 common shares for gross proceeds of $5,000 to the Company's president and sole director.

During the period ended November 30, 2007, the Company issued 4,750,000 common shares for gross proceeds of $95,000.

5.      	Financial Instruments

The Company's financial instruments consist of cash, accounts payable and accrued liabilities. It is management's opinion that the Company is not exposed to significant interest or credit risks arising from these financial instruments. Because of the short maturity and capacity of prompt liquidation of such assets and liabilities, the fair values of these financial instruments approximate their carrying values.

The Company may operate outside the United States of America and thus may have significant exposure to foreign currency risk in the future due to the fluctuations between the currency in which the Company operates and the U.S. dollar.

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Item 2.  Management's Discussion and Analysis of Financial Condition and Results of Operations

The financial data presented below should be read in conjunction with the more detailed financial statements and related notes, which are included elsewhere in this report. Information discussed herein, as well as elsewhere in this quarterly report on Form 10-Q, includes forward-looking statements or opinions regarding future events or the future financial performance of the Company, and are subject to a number of risks and other factors which could cause the actual results to differ materially from those contained in forward-looking statements. Among such factors are general business and economic conditions, and risk factors as listed in its Annual Report on Form 10-K or listed from time to time in documents filed by the Company with the Securities and Exchange Commission.

Risk Factors

An investment in Sungro's common stock involves a number of very significant risks.  Prospective investors should refer to all the risk factors disclosed in Sungro's Form 10-K filed with the SEC on March 2 and 3, 2009.

Financial Condition

As of February 28, 2009, Sungro had total assets of $7,613 and total liabilities of $16,026 for a net working capital deficiency of $8,413.  We need to raise additional money to meet our general and administrative expenses, and we need to raise money to achieve our business objective to acquire another mineral property or a target company or business.  The additional funding will come from equity financing from the sale of Sungro's common stock.  If Sungro is successful in completing an equity financing, existing shareholders will experience dilution of their interest in Sungro.  Sungro does not have any financing arranged and Sungro cannot provide investors with any assurance that Sungro will be able to raise sufficient funding from the sale of its common stock.  In the absence of such financing, Sungro's business will fail.

Based on the nature of Sungro's business, management anticipates incurring operating losses in the foreseeable future.  Management bases this expectation, in part, on the fact that it lost its only property and will need to acquire another mineral property or a target company or business before Sungro will  generate revenue or be profitable.  Sungro's future financial results are also uncertain due to a number of factors, some of which are outside its control.  These factors include, but are not limited to:

- Sungro's ability to raise additional funding;
- Sungro's ability to identify and successfully negotiate the acquisition of any potential properties or assets; and
- such opportunities or businesses acquired will be profitable.

Due to Sungro's lack of operating history and present inability to generate revenues, Sungro's auditors have stated their opinion that there currently exists a substantial doubt about Sungro's ability to continue as a going concern.  This means that there is substantial doubt whether Sungro can continue as an on going business for the next 12 months unless we obtain additional capital to pay our bills.

Liquidity

Sungro's internal sources of liquidity will be loans that may be available to Sungro from management.  Although Sungro has no written arrangements with its sole director and officer, Sungro expects that the sole director and officer will provide Sungro with internal sources of liquidity, if it is required.

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Sungro's external sources of liquidity will be private placements for equity conducted outside the United States.  During the three months ended February 28, 2009, Sungro did not complete any definitive arrangements for any external sources of liquidity.

There are no assurances that Sungro will be able to achieve further sales of its common stock or any other form of additional financing.  If Sungro is unable to achieve the financing necessary to continue its plan of operations, then Sungro will not be able to continue its exploration programs and its business will fail.

Capital Resources

As of February 28, 2009, Sungro had total assets of $7,613 and total liabilities of $16,026  for a net working capital deficiency of $8,413, compared with a net working capital of $1,643 as of November 30, 2008 (a decrease of $10,056).  The assets are comprised of cash.  The liabilities consisted mainly of accounting, audit and legal fees.

Sungro does not have sufficient cash to fully finance its operations at current and planned levels for the next 12 months.  Management intends to manage Sungro's expenses and payments to preserve cash until Sungro is profitable, otherwise additional financing must be arranged.  Specifically, such cash management actions include donation of office space and services by Sungro's sole director and officer.

Results of Operations

We did not earn any revenues for the three months ended February 28, 2009 and from inception on August 10, 2007 to February 28, 2009.  We do not anticipate earning revenues until such time as we have entered into commercial production of our mineral properties. We are presently in the exploration stage of our business and we can provide no assurance that we will discover commercially exploitable levels of mineral resources on our properties, or if such resources are discovered, that we will enter into commercial production of our mineral properties.

We incurred total expenses and a loss in the amount of $10,056 for the three months ended February 28, 2009, compared to total expenses and a loss of $27,122 for the three months ended February 29, 2008 (a decrease of $17,066).  These expenses comprised mainly of accounting and legal expenses of $12,016 for the three months ended February 28, 2009, and for the three months ended February 29, 2008 the accounting and legal expenses were $26,652.

Off-Balance Sheet Arrangements

Sungro has no off-balance sheet arrangements.

Cautionary Statement Regarding Forward-Looking Statements

This quarterly report contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These include statements about our expectations, beliefs, intentions or strategies for the future, which we indicate by words or phrases such as
"anticipate," "expect," "intend," "plan," "will," "we believe," "our company believes,"
"management believes" and similar language. These forward-looking statements are based on our current expectations and are subject to certain risks, uncertainties and assumptions, including those set forth in the following discussion, including under the heading
"Risk Factors". Our actual results may differ materially from results anticipated in these forward-looking statements. We base our forward-looking statements on information currently available to us, and we assume no obligation to update them. In addition, our historical financial performance is not necessarily indicative of the results that may be expected in the future and we believe that such comparisons cannot be relied upon as indicators of future performance. Other important factors that could cause actual results to differ materially include the following: business conditions, the price of precious metals, ability to attract

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and retain personnel; the price of the Company's stock; and the risk factors set forth from time to time in the Company's SEC reports, including but not limited to its annual report on Form 10-K; its quarterly reports on Form 10-Q; and any current reports on Form 8-K.  In addition, the Company disclaims any obligation to update or correct any forward-looking statements in all the Company's annual reports and SEC filings to reflect events or circumstances after the date hereof.

Item 3.  Quantitative and Qualitative Disclosures About Market Risk.

Not applicable.

Item 4. Controls and Procedures

Under the supervision and with the participation of the Company's management, including the Company's principal executive officer and principal financial officer, the Company has evaluated the effectiveness of the design and operation of its disclosure controls and procedures pursuant to Exchange Act Rule 13a-15(e) and Rule 15d-15(e) as of the end of the period covered by this quarterly report.  Based on that evaluation, the principal executive officer and principal financial officer have identified that the lack of segregation of accounting duties as a result of limited personnel resources is a material weakness of its financial procedures.  Other than for this exception, the principal executive officer and principal financial officer believe the disclosure controls and procedures are effective to ensure that information required to be disclosed by us in the reports we file or submit under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified in the Securities and Exchange Commission's rules and forms and that our disclosure and controls are designed to ensure that information required to be disclosed by us in the reports that we file or submit under the Exchange Act is accumulated and communicated to our management, including our principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure. There were no significant changes in the Company's internal controls or in other factors that could significantly affect internal controls subsequent to the date of their evaluation and there were no corrective actions with regard to significant deficiencies and material weaknesses.

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PART II  -  OTHER INFORMATION

Item 1. Legal Proceedings

None.

Item 1A. Risk Factors

Not applicable.

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None.

Item 3. Defaults upon Senior Securities

None.

Item 4. Submission of Matters to a Vote of Security Holders

None.

Item 5. Other Information

None.

Item 6. Exhibits

|            |                                                                                                                                             |                   | Incorporated by reference
|----------- | ------------------------------------------------------------------------------------------------------------------------------------------- | ----------------- | -------------------------
|Exhibit No. | Description of Exhibit                                                                                                                      | Filed
			herewith | Form                     
|3.1         | Articles of Incorporation                                                                                                                   |                   | S-1                      
|3.1         | Bylaws                                                                                                                                      |                   | S-1                      
|4.1         | Specimen Stock Certificate                                                                                                                  |                   | S-1                      
|31.1        | Certifications of Principal Executive
		Officer and Principal Financial Officer Pursuant to Section 302 of the
		Sarbanes-Oxley Act of 2002 | X                 |                          
|32.1        | Certifications of Principal Executive
		Officer and Principal Financial Officer Pursuant to Section 906 of the
		Sarbanes-Oxley Act of 2002 | X                 |                          

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SIGNATURES

In accordance with the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

|                      | SUNGRO MINERALS INC.                                                          
|--------------------- | ------------------------------------------------------------------------------
|Date:  April 14, 2009 | By: 	/s/ Mal Bains        Mal Bains 
       
Director, President and Treasurer

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