Sintex Industries Q2 PAT up 86%

Sintex Industries Q2 PAT up 86%
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First Published: Fri, Oct 10 2008. 04 00 PM IST
Updated: Fri, Oct 10 2008. 04 00 PM IST
PTI
Mumbai: Plastics product maker Sintex Industries today announced a profit after tax of Rs83.80 crore for the second quarter ended 30 September, a 86.22% growth over the corresponding period a year ago.
The company had a net profit of Rs45 crore in the September quarter of FY’08, Sintex Industries said in a filing to the Bombay Stock Exchange.
The consolidated net income from operations rose 85% to Rs719.80 crore for the quarter under review, from Rs389.30 crore in the same quarter last fiscal.
For the half-year ended 30 September, the company reported a PAT of Rs140.60 crore, a growth of 78%.
Further, the company said that its building material business is witnessing growth, driven by better capacity utilisation.
“We have been able to deliver a strong growth in the quarter on the back of a global turmoil and gradual slowdown in domestic markets,” Sintex Industries Managing Director Amit Patel said.
Shares of the company were trading at Rs 194.50, down 14.37 per cent on the BSE.
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First Published: Fri, Oct 10 2008. 04 00 PM IST