Sintex gains on reporting 32% rise in Q1 consolidated net profit

   

     Sintex Industries  is the world largest producer of plastic water tank. It is also Asia's largest manufacturer of corduroy fabrics. Sintex has a strong presence in the European, American, African, and Asian markets.
     On the consolidated basis, the company has reported 32.13% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 61.60 crore for the quarter as compared to Rs 46.62 crore for the same quarter in the previous year. Its total income from operations has increased by 19.26% at Rs 1345.42 crore for quarter under review as compared to Rs 1128.11 crore for the quarter ended June 30, 2013.
     Sintex Industries’ net profit has surged by 25.27% at Rs 50.91 crore as compared to Rs 40.64 crore for the quarter ended June 30, 2013. Its total income from operations has increased by 23.77% to Rs 762.44 crore for the quarter under review from Rs 615.99 crore for the corresponding quarter of the previous year.

     The promoters holding in the company stood at 43.84% while Institutions and Non-Institutions held 24.66% and 31.49% respectively.

     The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 107.45 on 10-Jun-2014 and a 52 week low of Rs. 16.90 on 04-Sep-2013.

     Last one week high and low of the scrip stood at Rs. 88.70 and Rs. 79.80 respectively. The current market cap of the company is Rs. 2909.25 crore.

     The scrip opened at Rs. 87.50 and has touched a high and low of Rs. 88.70 and Rs. 86.90 respectively. So far 370038 shares were traded on the counter.

     Sintex Industries is currently trading at Rs. 87.85, up by 0.80 points or 0.92% from its previous closing of Rs. 87.05 on the BSE.