Sintex textile biz grows at steady pace

24 Aug '07

1 min read

Sintex Industries, an entity with leadership positions in the plastic and textiles business segments announced its financial results for the quarter ended 30 June 2007.

The Company's consolidated sales for the quarter under review amounted to Rs 3435 million a 48% increase over the corresponding quarter last year. Profit after tax improved 54% to Rs.329.6 million in the quarter under review.

Commenting on the Company's financial performance for Q1, FY08 Mr. Amit Patel, Managing Director, Sintex Industries, said:
“We have maintained strong growth momentum and have delivered healthy financial and operating performance for the quarter under review. Prefab structures continued robust growth
in plastics with better demand for schools, sanitation facilities and BT Shelters too enjoying healthy demand."

"Our textile business has grown at a steady pace, looking forward our exports to UK firm will gather momentum during the current year and will contribute to our collection sales. With capacity expansions on schedule and robust demand across segments, I remain confident in Sintex ability to drive growth and delivering value to all its stakeholders”

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Sintex Industries Ltd

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