Sintex Industries reports 22.7% rise in Q4 net profit

Sintex Industries on Thursday reported a 22.7 per cent rise in its net profit for the quarter ending March 2015.

The company, which is engaged in the business of textiles and plastics, reported a consolidated net profit of Rs 197.78 crore against Rs 161.17 crore in the corresponding quarter a year ago.

Total expenses of the company rose 7.71 per cent (y-o-y) to Rs 1,838.93 crore on account of rise in the cost of material consumed, employees benefits expenses and other expenses. The figures increased by 14.88 per cent on a quarter-on-quarter basis.

Operating profit of the company rose 22.38 per cent (y-o-y) to Rs 337.41 crore.

The group posted a consolidated net profit of Rs 528.81 crore, up 45 per cent, for the year ended March 2015 as compared to Rs 364.70 crore last year. Total income from operations has increased 20 per cent from Rs 5864.47 crore for the year ended March 2014 to Rs 7034.77 crore for the year ended March 31, 2015.

The share price of the company was trading at Rs 108.25 (at 1.53 pm), down 1.5 per cent against its previous close. As on May 6, the company had market capitalisation of Rs 4,744.05 crore.