Quarterly Result: Sintex Industries Ltd
Bhagyashree Vivarekar / 15 Nov 2016
Sintex Industries Ltd., ended at Rs. 79.85, down by 2.45 points or 2.98% from its earlier closing of Rs. 82.3 on the BSE. The company's net profit has soared by 13.7% yoy to Rs 165 cr majorly owing to 40.1% yoy rise in finance cost.
Technical View:
Sintex Industries Ltd., ended at Rs. 79.85, down by 2.45 points or 2.98% from its earlier closing of Rs. 82.3 on the BSE.
The scrip touched a high and low of Rs. 81.8 and Rs. 79.15 respectively, after opening at 81.5. Altogether 2516696(NSE+BSE) shares have been traded on the counter so far; and the stock is trading above its 50 DMA.
Consolidated Results Q2FY17:
Bloomberg estimates have been beaten by Sintex Industries’ Q2FY17 numbers. Revenue has come in 1% greater than the estimate of Rs 2265 cr. EBITDA margin is higher by 95 bps from the estimate of 17% and net profit is 7% higher than the estimated figure of Rs 154 cr.
The quarter's revenue has surged by 15% yoy to Rs 2288 cr.
Sintex's EBITDA has soared 25.9% yoy to Rs 413 cr while EBITDA margins have improved by 155 bps yoy to 18%, triggered by 26.4% yoy upsurge in other expenses.
The company's net profit has soared by 13.7% yoy to Rs 165 cr majorly owing to 40.1% yoy rise in finance cost.
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