Q4FY2013 earnings below estimate: In Q3FY2013, Jaiprakash Associates (JP Associates) posted a net profit of Rs123.5 crore (a decline of 56.5% year on year (YoY), which was below our estimate of Rs131 crore.
Sintex Industries’ businesses gained further strength in December 2012 quarter (Q3) as it reported five quarter high revenue growth of 23% led by a rebound in international custom moulding and monolithic businesses, which saw a jump of 27.5% and 40%
Sintex Industries Ltd (SIL) has drawn flak from broking house Nirmal Bang Securities, which has questioned the company’s corporate governance practices, following a report that said the Directorate of Revenue Intelligence (DRI) had seized an
Even as Sintex Industries posted another set of weak financial performance in the September quarter with consolidated margins dropping 200 basis points year-on-year, its stock has gained nearly four per cent led by improved business outlook and proposed
Even as Sintex Industries posted another set of weak financial performance in September 2012 quarter with consolidated margins dropping over 200 basis points year-on-year, its stock has gained nearly 4% led by improved business outlook and proposed
Sintex Industries has moved higher by 6% to Rs 74.25 after reporting 86% year on year (y-o-y) growth in net profit at Rs Rs 72.35 crore for the quarter ended September 2012, due to lower foreign exchange loss.
Sintex Industries is trading higher by 5% at Rs 60.80, extending its previous day gain of around 1%, after the company said that, the public sector insurance giant Life Insurance Corporation of India (LIC) has acquired shares worth of Rs 6 crore through
Textiles and plastics firm Sintex Industries today said its consolidated net profit declined by 46.84% to Rs 88.42 crore for the fourth quarter ended March 31, 2012, due to reduction in demand in both domestic as well as international markets.
Sintex Industries is trading lower by 3% at Rs 59, after reporting 46% year-on-year (y-o-y) fall in its consolidated net profit at Rs 91 crore for the fourth quarter of FY12. Total income too, declined 31% at Rs 1,015 crore on y-o-y basis, the plastic
With its monolithic business witnessing a slowdown, Ahmedabad-based Sintex Industries has witnessed a 27 per cent decline in its consolidated net profit for the third quarter ended December 31, 2011. As against Rs 112.81 crore for the corresponding period
Textiles and plastics firm Sintex Industries today said its consolidated net profit declined by 27.13% to Rs 82.20 crore for the quarter ended December 31, 2011, primarily due to depreciating rupee and slow down in its building products business.