Textiles and plastics firm Sintex Industries today reported 32.11% increase in consolidated net profit at Rs 61.59 crore for the first quarter ended June 30.The company had reported a net profit of Rs 46.62 crore in the corresponding quarter a year ago,
Having received the Board's nod for exploration of the possibility of setting up a new spinning unit, Kalol-based Sintex Industries Limited is mulling a 320,000 spindle project at a project cost of Rs 1,700 crore.
Markets ended on a positive note with 50-share Nifty surging above the key resistance level of 6,000 this Friday after Infosys, the company with fifth-highest weightage on the Sensex defied analysts’ estimates and posted steady dollar revenue growth
Sintex Industries dipped 6% to Rs 39.35 after the company reported 10% year-on-year (yoy) drop in consolidated operating profit at Rs 161 crore for the quarter ended June 2013 due to higher depreciation and interest cost.
Q4FY2013 earnings below estimate: In Q3FY2013, Jaiprakash Associates (JP Associates) posted a net profit of Rs123.5 crore (a decline of 56.5% year on year (YoY), which was below our estimate of Rs131 crore.
Sintex Industries’ businesses gained further strength in December 2012 quarter (Q3) as it reported five quarter high revenue growth of 23% led by a rebound in international custom moulding and monolithic businesses, which saw a jump of 27.5% and 40%
Sintex Industries Ltd (SIL) has drawn flak from broking house Nirmal Bang Securities, which has questioned the company’s corporate governance practices, following a report that said the Directorate of Revenue Intelligence (DRI) had seized an
Even as Sintex Industries posted another set of weak financial performance in the September quarter with consolidated margins dropping 200 basis points year-on-year, its stock has gained nearly four per cent led by improved business outlook and proposed
Even as Sintex Industries posted another set of weak financial performance in September 2012 quarter with consolidated margins dropping over 200 basis points year-on-year, its stock has gained nearly 4% led by improved business outlook and proposed
Sintex Industries has moved higher by 6% to Rs 74.25 after reporting 86% year on year (y-o-y) growth in net profit at Rs Rs 72.35 crore for the quarter ended September 2012, due to lower foreign exchange loss.