 "Sintex Industries dips post Q1 results")
Sintex Industries has dipped 6% to Rs 101 on the BSE in early morning trades after the company reported a 12% year on year (yoy) growth in its consolidated net profit at Rs 69 crore during the quarter ended June 30, 2015 (Q1).
The company, which manufactures plastic products, had posted a net profit of Rs 61.60 crore in the year-ago quarter. It had reported a profit of Rs 198 crore in March 2015 quarter.
The consolidated total income during the quarter under review grew by 9% to Rs 1,471 crore on a y-o-y basis, Sintex Industries said in a statement.
The EBITDA (earnings before interest, taxes, depreciation and amortization) margins increased marginally to 15.8% in June 2015 quarter from 15.4% in the corresponding quarter of previous fiscal.
The stock is currently trading at the day’s lows and has seen a combined 2.68 million shares changing hands on the counter on the BSE and NSE till 0930 hours.
The company, which manufactures plastic products, had posted a net profit of Rs 61.60 crore in the year-ago quarter. It had reported a profit of Rs 198 crore in March 2015 quarter.
The consolidated total income during the quarter under review grew by 9% to Rs 1,471 crore on a y-o-y basis, Sintex Industries said in a statement.
The EBITDA (earnings before interest, taxes, depreciation and amortization) margins increased marginally to 15.8% in June 2015 quarter from 15.4% in the corresponding quarter of previous fiscal.
The stock is currently trading at the day’s lows and has seen a combined 2.68 million shares changing hands on the counter on the BSE and NSE till 0930 hours.
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