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 29, 2008                    
|- | ---------------------------------------------------------------------------------------------------------------------------------------------------------
|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 [x]      
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.
(Check one):

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

(Do not check if a smaller reporting company) | Smaller reporting company [x]

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

Yes [x]
   No q

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

Class: common stock - $0.001 par value
			
			Outstanding at April 11, 2008: 9,750,000




1

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Sungro Minerals Inc.

Financial
Statements(Unaudited - Prepared by Management)

February 29, 2008

(Presented In US Dollars)























2

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Sungro Minerals Inc.

|                                                     |   | February 29
		2008 |   | November 30
		2007
|---------------------------------------------------- | - | ------------------ | - | ------------------
|                                                     |   | (Unaudited)        |   | (Audited)         
|                                                     |   |                    |   |                   
|Assets                                               |   |                    |   |                   
|Current                                              |   |                    |   |                   
|Cash                                                 | $ | 60,922             | $ | 91,769            
|                                                     |   |                    |   |                   
|                                                     |   |                    |   |                   
|Liabilities                                          |   |                    |   |                   
|Current                                              |   |                    |   |                   
|Accounts payable and accrued liabilities             | $ | 14,439             | $ | 18,164            
|                                                     |   |                    |   |                   
|Stockholders' Equity                                 |   |                    |   |                   
|Capital stock
		(Note 4)                             |   |                    |   |                   
|Authorized:                                          |   |                    |   |                   
|75,000,000 common shares, par value $0.001 per share |   |                    |   |                   
|Issued and outstanding:                              |   |                    |   |                   
|9,750,000 (2007 - 9,750,000) common shares           |   | 9,750              |   | 9,750             
|Additional
		paid-in capital                         |   | 90,250             |   | 90,250            
|Deficit
		accumulated during the exploration stage   |   | (53,517)           |   | (26,395)          
|                                                     |   | 46,483             |   | 73,605            
|                                                     | $ | 60,922             | $ | 91,769            
|                                                     |   |                    |   |                   

Nature 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 financial statements.

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Sungro Minerals Inc.

|For the Period from August 10,
		2007 (Inception) to February 29, 2008 |  |  | 
|---------------------------------------------------------------------- |  |  | 



|                                          |              |   |            |   |         |   | Deficit     |   |              
|----------------------------------------- | ------------ | - | ---------- | - | ------- | - | ----------- | - | -------------
|                                          |              |   |            |   |         |   | accumulated |   |              
|                                          | Common stock |   | Additional |   | during  |   | Total      
|                                          | Number of    |   |            |   | paid-in |   | exploration |   | stockholders'
|                                          | shares       |   | Amount     |   | capital |   | stage       |   | equity       
|                                          |              |   |            |   |         |   |             |   |              
|Balance at
		inception on August 10, 2007 | -            | $ | -          | $ | -       | $ | -           | $ | -            
|Issuance of common stock for              |              |   |            |   |         |   |             |   |              
|cash at $0.001 per share                  | 5,000,000    |   | 5,000      |   | -       |   | -           |   | 5,000        
|Issuance of common stock for              |              |   |            |   |         |   |             |   |              
|cash at $0.02 per share                   | 4,750,000    |   | 4,750      |   | 90,250  |   | -           |   | 95,000       
|Net loss for the period                   | -            |   | -          |   | -       |   | (26,395)    |   | (26,395)     
|Balance,
		November 30, 2007              | 9,750,000    |   | 9,750      |   | 90,250  |   | (26,395)    |   | 73,605       
|Net loss for the period                   | -            |   | -          |   | -       |   | (27,122)    |   | (27,122)     
|Balance,
		February 29, 2008              | 9,750,000    | $ | 9,750      | $ | 90,250  | $ | (53,517)    | $ | 46,483       
|                                          |              |   |            |   |         |   |             |   |              























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

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Sungro Minerals Inc.

|                                                                              |   |              |   | From Inception
|----------------------------------------------------------------------------- | - | ------------ | - | --------------
|                                                                              |   | Three Months |   | On August 10, 
|                                                                              |   | Ended        |   | 2007 through  
|                                                                              |   | February 29  |   | February 29   
|                                                                              |   | 2008         |   | 2008          
|                                                                              |   |              |   |               
|General and
		administrative expenses                                         |   |              |   |               
|Accounting and legal                                                          | $ | 26,652       | $ | 42,832        
|Bank charges and interest                                                     |   | 71           |   | 102           
|Foreign exchange loss                                                         |   | 399          |   | 596           
|                                                                              |   | 27,122       |   | 43,530        
|Mineral
		property expenses                                                   |   |              |   |               
|Acquisition                                                                   |   | -            |   | 2,438         
|Geological consulting                                                         |   | -            |   | 4,000         
|Travel and transportation                                                     |   | -            |   | 3,549         
|                                                                              |   | -            |   | 9,987         
|Net loss and
		comprehensive loss                                             | $ | 27,122       | $ | 53,517        
|                                                                              |   |              |   |               
|Basic and
		diluted loss per common share                                     | $ | 0.003        |   |               
|                                                                              |   |              |   |               
|Weighted
		average number of basic and diluted common shares 
		  outstanding |   | 9,750,000    |   |               
|                                                                              |   |              |   |               

















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

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Sungro Minerals Inc.

|                                                   |   |              |   | From Inception
|-------------------------------------------------- | - | ------------ | - | --------------
|                                                   |   | Three Months |   | on August 10, 
|                                                   |   | Ended        |   | 2007 through  
|                                                   |   | February 29  |   | February 29   
|                                                   |   | 2008         |   | 2008          
|                                                   |   |              |   |               
|Cash
		provided by (used in)                       |   |              |   |               
|Operating
		activities                             |   |              |   |               
|Net loss                                           | $ | (27,122)     | $ | (53,517)      
|Change in accounts payable and accrued liabilities |   | (3,725)      |   | 14,439        
|                                                   |   | (30,847)     |   | (39,078)      
|                                                   |   |              |   |               
|Investing
		activity                               |   | -            |   | -             
|                                                   |   |              |   |               
|Financing
		activity                               |   |              |   |               
|Issuance of common stock                           |   | -            |   | 100,000       
|                                                   |   |              |   |               
|Net
		(decrease) increase in cash                  |   | (30,847)     |   | 60,922        
|                                                   |   |              |   |               
|Cash,
		beginning of period                        |   | 91,769       |   | -             
|                                                   |   |              |   |               
|Cash, end of
		period                              | $ | 60,922       | $ | 60,922        
|                                                   |   |              |   |               

















The accompanying
notes are an integral part of these 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 29, 2008


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 29, 2008 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, except as discussed below.

3.   Recently Adopted
Accounting Pronouncements

In September
2006, the FASB issued SFAS Statement 157, Fair Value Measurements, which defines
fair values, establishes a framework for measuring fair value in GAAP, and
requires enhanced disclosures about fair value measurements. This statement
applies when other accounting pronouncements require or permit fair value
measurements. The Company adopted this statement effective December 1, 2007 and
management has determined that there has been no material impact on the
Company's financial statements since its adoption.

In February
2007, the FASB issued SFAS Statement 159, Fair Value Option for Financial Assets
and Financial Liabilities, which permits entities to choose to measure many
financial instruments and certain other items at fair value. The Company adopted
this statement effective December 1, 2007 and management has determined that
there has been no material impact on the Company's financial statements since
its adoption.

7 Sungro Minerals Inc.

(An Exploration Stage Company)

Notes to the Interim Financial Statements
	(Unaudited - Prepared by Management)
	(Presented in US dollars)February 29, 2008


4.   Mineral Property

On September
6, 2007, the Company entered into an 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 $101,580 (Cdn$100,000) over a four year
period, of which $2,438 (Cdn$2,500) has been paid as of February 29, 2008. The
vendor of the mineral claims 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 $1,015,800 (Cdn$1,000,000) at any time.

5.   Capital Stock

a)   Authorized

The Company has
authorized 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.

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

6.    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 FOLLOWING PRESENTATION OF
MANAGEMENT'S DISCUSSION AND ANALYSIS OF SUNGRO MINERALS INC. SHOULD BE READ IN
CONJUNCTION WITH THE FINANCIAL STATEMENTS AND OTHER FINANCIAL INFORMATION
INCLUDED HEREIN.

Overview

Sungro Minerals Inc. (the
"Company" or "Sungro") was incorporated under the laws of the state of Nevada on
August 10, 2007.  We have not commenced business operations and we are
considered an exploration stage company.  We are defined as a "shell company"
under the Rule 405 of the Securities Act and Rule 12b-2 of the Exchange Act
because we have nominal operations and nominal assets.  To date, our activities
have been limited to organizational matters, obtaining a geology report on the
Chevron Claims and the preparation and filing of a registration statement on
Form S-1.

Chevron Claims

In September 2007 we acquired an
option to acquire a 100% interest in and to three mineral claims called the
Chevron Claims, located in the Tatsamenie Lake area, 87 miles (140 km) south of
the town of Atlin Lake, in northern British Columbia, from Mr. Carl von
Einsiedel, the registered owner of the Chevron Claims.  The Chevron Claims
consist of three mineral claims covering approximately 1,132.97 hectares
(2,799.63 acres).

Under the option agreement,
Sungro is required to make all filings related to the Chevron Property and to
maintain the Chevron Property and to maintain the Chevron Claims in good
standing by preparing and filing the assessment reports, paying taxes and
keeping the Chevron Property free and clear of all liens and encumbrances.  The
Chevron Claims are in good standing until June 20, 2009 and have been assigned
tenure numbers 566327, 552110 and 552111 by the Province of British Columbia.

Plan of Operation

Mr. Ian Foreman, P.Geo. was
hired by Sungro to provide an initial Summary Report dated November 20, 2007 on
the Chevron Claims.

Mr. Foreman recommends an
initial results-based three-phase exploration program, with Phase 1 consisting
of mapping and prospecting throughout the property, and is estimated to cost
approximately $15,000.  Phase 2 will consist of a ground geophysical survey and
sampling program, estimated to cost approximately $20,000.  If the results of
Phase 1 and Phase 2 are favorable, Phase 3 will consist of a selective drilling
program.  We will be able to estimate the cost of Phase 3 after we finish the
Phase 1 program.

We plan to conduct a Phase 1 and
Phase 2 exploration program on the Chevron Property in the summer of 2008. 
However, we presently have the funds to conduct only Phase 1.  We will need to
raise additional money to conduct Phase 2 and Phase 3.  Due to extreme weather
conditions, exploration activities can only be conducted between July and
September of each year.

Phase 1 consists of an intense
program of mapping and prospecting throughout the property, paying special
attention to areas adjacent to the contact of the volcanic package with the
coarse clastic sediments, resampling all previous areas of known mineralization,
and creating a Global Position System database.  Phase 1 is estimated to cost
$15,000 (CAD$15,000).

We planned a preliminary field
visit in mid-September of 2007, but due to poor weather conditions it was not
possible to actually make it to the property.  During October and November of
2007 we updated the historic data collected by Chevron in the early 1980's,
digitizing the maps and 'georeferencing' them - this is the process of imputing
all of the relevant data into a Geographic Information System (GIS) such that
all the data is manipulatable and searchable.

9

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Phase 2 will consist of a
ground geophysical survey extending across adjacent parts of the property to
delineate potential diamond drill targets, and follow-up sampling, estimated to
cost between CAD$15,000 and CAD$20,000.

We expect Phase 3 to involve a
selective drilling program.  To maximize the effectiveness of the drilling, we
plan to align the holes such that there is potential to intersect more than one
vein with each hole.  We cannot anticipate the cost for a drill program until
after Phase 1 is completed.  We expect a majority of the expense for Phase 3 to
be the drill cost and helicopter support.  We cannot determine the cost of this
drill program at this time, however, a 1,000 meter drilling program would be
about CAD$250,000.

Foremost Geological Consulting
is a business operated by Mr. Ian Foreman.  Mr. Foreman is a qualified geologist
and we have engaged him to conduct the mineral exploration program under
industry standards.  He is responsible for hiring personnel and for all
appropriate worker-related costs and will bill us for their services.

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 S-1 filed on February
22, 2008.

Financial Condition

As at February 29, 2008, Sungro
had a cash balance of $60,922.  Management does not anticipate generating any
revenue for the foreseeable future.  When additional funds become required, 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 very few
mineral claims in the exploration stage ultimately develop into producing,
profitable mines.  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;
- the market price for minerals; and
- the results of Sungro's proposed exploration programs on its exploration
	mineral properties.

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 double whether Sungro can continue as an on going business for the
next 12 months unless we obtain additional capital to pay our bills.  Further,
even if Sungro completes its current Phase 1 exploration program, it will
require additional funding before it can initiate Phases 2 and 3.

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 any of 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.

Also, Sungro's external sources
of liquidity will be private placements for equity conducted outside the United
States.  During the quarter covered by this quarterly report, Sungro did not
complete any definitive arrangements for any external sources of liquidity.

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Capital Resources

As of February 29, 2008, Sungro
had total assets of $60,922 and total liabilities of $14,439 for a net working
capital of $46,483, compared with a net working capital of $73,605 as of
November 30, 2007.

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.

Management estimates that
Sungro's current cash will be sufficient to fully finance its operations at
current and planned levels through November 2008.  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 29, 2008 and from inception on August 10, 2007
to February 29, 2008.  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 operating expenses
in the amount of $27,122 for the three months ended February 29, 2008.  These
operating expenses comprised mainly of accounting and legal expenses of
$26,652.

We incurred a loss in the amount
of $27,122  for the three months ended February 29, 2008.  Our loss was
attributable to general, accounting and legal expenses.

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 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.

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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.





















12

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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                 |                          





13

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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 11, 2008 | By:/s/ Mal Bains
		Mal Bains 
		Director, President and Treasurer





















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