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Monday, 11 July 2011

Sintex Ind - Results Update

Good set of results from Sintex. The growth momentum continues.

Consolidate Net Sales is up from 930.9 cr to 1128.8 cr (up 21.3%)
Net Profit is up from 78.8 cr to 94.6 cr (up 20.1%)
EPS up from 2.91 to 3.49 (up 19.9%)

Monolithic segment order book at Rs 3000 cr after Q1 execution.

Category
Q1 FY11 (cr)
Q1 FY12 (cr)
Growth (%)
Remarks
Building Material
358.4
473.2
33.5%
  • Company adding execution capability in Bihar
  • Private sector orders flowing in, reducing the dependency on the government projects for Pre-fabs
Custom Moulding
450.7
523.9
16.2%
  • Pursuing growth opportunities at 12-15 new companies
Textile
98.3
109.3
11.2%


Negative
The pledging of promoter holding has gone up from 29.6% (Q1 FY11) to 38.14% (Q1 FY12).

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