Plastic products manufacturer Sintex Industries ' consolidated net profit rose by 86.5%
year-on-year and 54.6% quarter-on-quarter to Rs 72.35 crore in the quarter
ended September 2012, which was slightly lower than expectations of Rs 77.7
crore.
Consolidated total income, which was ahead of forecast, grew
by 3.6% YoY and 11% QoQ to Rs 1,198.5 crore in the second quarter of financial
year 2012-13. Analysts on an average had expected it at Rs 1,099 crore.
The foreign exchange loss on its FCCBs stood at Rs 4.8
crore, which was much lower compared to Rs 59.6 crore in the corresponding
quarter of last fiscal and Rs 28.9 crore in June quarter of 2012. Actually the
Indian rupee appreciation has benefitted the company.
Sintex Industries has decided to issue up to 3 crore
warrants on preferential basis to promoters.
Margins continued to face pressure and came in below the
street estimates. Earnings before interest, tax, depreciation and amortization
(EBITDA) fell by 10.5 percent YoY to Rs 183 crore while analysts had expected
it at Rs 177 crore.
Operating profit margin was down by 240 basis points to 15.3
percent in the July-September quarter of FY13 from 17.7 percent in a year ago
period while analysts had forecast at 16.1 percent.
At 14:11 hours IST, the share was trading at Rs 71.80, up
2.06 percent over previous day's closing price.
At 14:39 hours IST, the share fell 2.15 percent to Rs 358.80
amid large volumes.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
No comments:
Post a Comment