Monday, October 13, 2014

SINTEX INDUSTRIES LTD - SECOND QUARTER RESULTS - Q2 FY15 - SALES UP 23%; NPT UP 47% YoY - FUTURE PROMISING




SINTEX INDUSTRIES LTD

QUARTERLY RESULTS
Q2 FY 15 (SEP,14)


SINTEX INDUSTRIES has produced EXCELLENT RESULTS for the second quarter ending September,2014.

Net Sales have increased 25% QoQ and 23% YoY.

Operating Profit has increased 49% QoQ and 47% YoY.

Profit Before Tax has gone up 87% QoQ and 63% YoY

Consolidated Net Profit has gone up 73% QoQ and 47% YoY.

The results are impressive and the progress being achieved by Sintex is very good and consistent.

The results – numbers are in the table below :

TABLE :
PARTICULARS
Q2FY15
Q1FY15
DIF% QoQ
Q2FY14
DIF% YoY
HY1FY15
HY1FY14
FY14
NET SALES
1672
1340
24.78
1360
22.94
3012
2484
5843
TOTAL INCOME
1681
1344
25.07
1365
23.15
3025
2493
5864
OPT
228
153
49.02
155
47.1
380
259
709
PBT
161
86
87.21
99
62.63
247
165
481
NPT
106
61
73.77
72
47.22
167
118
363
NPT-CONS
107
62
72.58
73
46.58
169
120
365
EQUITY(FV:RS.1)
35.51
32.86
8.06
31.12
14.11



EPS-BASIC
3.32
1.93
72.02
2.34
41.88
5.12
3.84
11.72
EPS-DIL
3.2
1.93
65.8
2.34
36.75
4.94
3.84
11.72


EBITDA improved by around 200 basis points to 17.2% in Q2 FY 15 against 15.5% in Q2 FY 14.

“Q2FY15 is a reflection of strong growth and a drastic improvement in business sentiment. Utilisations are picking up across businesses, upturn in margins and topline growth is clearly visible. The initiatives on clean India campaign have thrown open new set of opportunities,” said Amit Patel, Group Managing Director of Sintex Industries.

About Sintex Industries Ltd :

Sintex Industries Limited (Earlier known as The Bharat Vijay Mills Ltd) has two divisions – textiles and plastics. In the area of textiles, Sintex has been pioneers in high value fabrics. 

Its Plastics Division started in the year 1975 and today it says it has the most diversified manufacturing capabilities in plastic processing in the world,......with 10 plants spread across the country, more than twelve manufacturing processes under one roof, having more than 500,000 Sq. meter area and a more than 1000 strong work force. Sintex has also created extensive finishing, assembling, metal fabrication and concrete products facilities. Combination of such varied capabilities along with our state-of-the-art design and tool room facilities enables us to give vast array of products and solutions.

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