Sintex Textile segment revenues improve 11%

16 Jan '08

3 min read

Financial performance overview Q3FY2008 (October - December 2007) v/s. Q3FY2007 (October - December 2006)
• Consolidated Net income from operations up by 115% to Rs. 6,129 million from Rs. 2,846 million
• Profit Before Interest, Tax and Depreciation (EBIDTA) up 93% to Rs 1,098 million from Rs 568 million o Healthy improvement in profitability despite higher staff and operating costs of acquired entities
• Operating margins were at 18%
• Net Profit after tax (PAT) at Rs 585 million is higher by 126% compared to Rs. 259 million
• Basic Earnings Per Share (EPS) (not annualized) stood at Rs 5.22 on a capital base of Rs 241 million
• Diluted EPS (not annualized) stood at Rs 5.18

9M FY2008 (April – December 2007) v/s. 9M FY2007 (April – December 2006)
• Consolidated Net sales higher by 72% to Rs 1,3458 million compared to Rs 7,830 million
• PBIDT increases 63% at Rs 2,670 million from Rs 1,638 million
• Net PAT stood at Rs 1,357 million, up 72% over Rs 788 million
• Basic EPS (not annualized) stood at Rs 11.83 • Diluted EPS (not annualized) stood at Rs 11.72

Textiles Textile segment revenues improved 11% to Rs 930 million during the quarter under review. PBDIT also increased 14% to Rs 283 million. PBDIT margins also improved one hundred basis points to 31%.

Expansion of the textile processing capacity continues as planned. The present capacity stands at 21 million meters and is being expanded to 24million meters.

Click here to view more:

Sintex Industries Ltd

More Sintex Industries Ltd News... More Textiles News - India...