Home / Knowledge / News / Textiles / Sintex Industries second quarter profit drops
Sintex Industries second quarter profit drops
13
Oct '09
Sintex Industries, a market leader in the plastic and textiles business segments, today announced its unaudited financial results for the quarter ended 30th September, 2009.

Financial performance overview Q2FY10
July - September 2009) v/s. Q2FY09 (July - September 2008)
- Consolidated Net income from operations at Rs. 7112 million against Rs. 7198 million
- Earnings Before Interest Depreciation, Taxes and Amortisation (EBIDTA) at Rs.1305 million against Rs. 1341 million
- Net Profit After Tax (PAT) stood at Rs. 572 million against Rs. 838 million
- Basic and Diluted EPS stood at Rs 4.72

H1FY10 (April – September 2009) v/s. H1FY09 (April – September 2008)
- Consolidated Net sales at Rs. 13629 million compared to Rs. 14347 million
- EBIDTA at Rs. 2179 million compared to Rs 2264 million
- Net PAT at Rs. 1178 million compared to Rs 1403 million
- Basic and Diluted EPS stood at Rs 9.19

Commenting on the Company's financial performance for Q2FY10, Mr. Amit Patel, Managing Director, Sintex Industries, said: “The quarter under review has seen a better utilization in capacities, besides EBITDA margins have improved tremendously over Q1FY10.We are seeing a good volume growth across businesses. The building products business is showing a strong traction with better capacity utilization, similarly custom molding segment is also gradually showing signs of picking up which should be visible in the near future”.

”Sintex's unique first-of-its kind products like prefabricated building systems, monolithic construction and strong global presence in Composites ensures long term growth for the company. We are well entrenched to capitalize for future opportunities in each of our segments.”

Textile segment revenues stood at Rs. 762 million for Q2FY10. EBIT stood at Rs. 29 million for the Quarter ended September 30, 2009.

Sintex Industries Limited is a dominant player in the plastic and textile business segments. In the textile segment the Company is focused on niche offerings, possessing specialization in men's structured shirting in the very premium fashion category.

Sintex Industries Limited


Must ReadView All

Textiles | On 19th Sep 2017

Karl Mayer expands service operations in Asia

Karl Mayer, a world leader in the production of warp knitting and...

Textiles | On 19th Sep 2017

Welspun bags Made in Green label by Oeko-Tex

Welspun, a leading home textiles manufacturer, has been awarded Made...

Courtesy: SGS

Textiles | On 19th Sep 2017

SGS expands testing facilities in Naucalpan, Mexico

SGS has expanded testing facilities in Naucalpan, Mexico, creating a...

Interviews View All

Nitin Bhatia
Trend Arrest

Setting up a brand for online selling is easy, but running the brand is not

Mohammad Mamun Ar Rashid
UL VS Bangladesh Ltd

Productivity, creativity and innovation play a vital role in the growth of ...

Karin Ekberg
Leadership & Sustainability

Sustainable models are beneficial for brands, retailers and manufacturers

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

September 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
74.5%
No
12.8%
Skip
12.8%

Total Votes: 47

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.7%
No
25.5%
Skip
12.8%

Total Votes: 47

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
6.4%
Skip
6.4%

Total Votes: 47

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
70.2%
No
10.6%
Skip
19.1%

Total Votes: 47


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search