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).