Plastics product maker Sintex Industries today announced a profit after tax of Rs 83.80 crore for the second quarter ended September 30, a 86.22 per cent growth over the corresponding period a year ago.
The company had a net profit of Rs 45 crore in the September quarter of FY'08, Sintex Industries said in a filing to the Bombay Stock Exchange.
The consolidated net income from operations rose 85 per cent to Rs 719.80 crore for the quarter under review, from Rs 389.30 crore in the same quarter last fiscal.
For the half-year ended September 30, the company reported a PAT of Rs 140.60 crore, a growth of 78 per cent.
Further, the company said that its building material business is witnessing growth, driven by better capacity utilisation.
"We have been able to deliver a strong growth in the quarter on the back of a global turmoil and gradual slowdown in domestic markets," Sintex Industries Managing Director Amit Patel said.
Shares of the company were trading at Rs 194.50, down 14.37 per cent on the BSE.
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