Sintex Industries Limited
NSE Symbol SINTEX
Sintex industries has declared its first qtr results for q/e June 2011. The consolidated Results for Q1 FY 12 and also for the year FY 11 are compared below with Q1 FY 11 and the year FY 10 respectively below :
Net Sales from Operations for Q1 FY 12 is Rs.1109.51 cr – up by 22.20% from Q1 FY 11. The FY11 sales is Rs.4475.15 cr – up by 36.37% from FY 10.
Total Expenditure for Q1 FY 12 is Rs.966.69 Cr – up by 19.40% from Q1 FY 11; the same for FY 11 is Rs.3817.35 Cr – up by 30.48% from FY 10.
Profit from Operations for Q1 Fy 12 is Rs.145.30 cr – up by 43.80% from Q1 FY11; The same for FY 11 is Rs.666.36 cr – up by 69.31% from FY 10.
Profit before tax for Q1 FY 12 is Rs.127.09 Cr – up by 31.82% from Q1 FY 11; The same for FY 11 is Rs.609.21 cr – up by 49.20% from FY 10.
Consolidated Net Profit for Q1 FY 12 is Rs.94.58 cr – up by 19.95% from Q1 FY 11; the same for FY 11 is Rs.460.01 cr – up by 39.82% from FY 10.
Face Value in Q1 FY 12 is Rs.1 – changed from Rs.2 earlier.
Thus basic EPS on FV Rs.1 for Q1 FY 12 is Rs.3.49 – against Rs.2.905 (Rs.5.81 / 2) in Q1 FY 11; The same for FY 11 on FV Rs.1 is Rs.16.97 – against Rs.12.14 ( Rs.24.28 / 2) in FY 10.
Thus, there has been good improvement in q1 FY 12 and also in Fy11 over corresponding previous periods.
Current MP is Rs.178. The annualized EPS will be Rs.3.49 x 4 = Rs.13.96. The PE Ratio will be 12.75. Sintex is progressing well and deserves a place in the Portfolios of Medium / long term investors.
CONSOLIDATED RESULTS TABLE:
Q1 FY12CS | ||||
Net Sales from Operations | 110951.4 | 90,796.53 | 447,514.52 | 328,164.12 |
Other Operating Income | 248.16 | 267.78 | 856.2 | 3,753.10 |
Increase in SIT / WIP | -1699.55 | -1,998.63 | 364.59 | 2,751.85 |
Raw Materials | 60497.56 | 45,710.05 | 242,917.23 | 169,455.65 |
Purchase of traded goods | 5209.41 | 6,470.36 | 19,776.99 | 7,641.51 |
Employees Cost | 12872.18 | 11,745.17 | 46,131.29 | 43,889.31 |
Depreciation | 4392.3 | 3,633.37 | 14,910.29 | 14,445.67 |
Other Expenditure | 15397.35 | 15,399.24 | 57,634.32 | 54,376.13 |
Total Expenditure | 96669.25 | 80,959.56 | 381,734.71 | 292,560.12 |
Profit from Operations | 14530.31 | 10,104.75 | 66,636.01 | 39,357.10 |
Other Income | 1683.8 | 2,022.45 | 5,176.96 | 8,783.83 |
Interest | 3504.74 | 2,485.55 | 10,891.66 | 7,307.80 |
Profit before tax | 12709.37 | 9,641.65 | 60,921.31 | 40,833.13 |
Tax Expense | 3384.05 | 1,735.60 | 15,082.88 | 7,721.00 |
Net Profit | 9325.32 | 7,906.05 | 45,838.43 | 33,112.13 |
Minority Interest | - | 21.17 | 26.39 | 212.26 |
Shares of Associates | -132.3 | - | -189 | - |
Consolidated Net Profit | 9457.62 | 7,884.88 | 46,001.04 | 32,899.87 |
Face Value (in Rs.) | 1 | 2 | 1 | 2 |
Paid-up Equity | 2710.68 | 2,709.91 | 2,710.68 | 2,709.91 |
Reserves | - | - | 237,445.29 | 191,977.17 |
Basic EPS | 3.49 | 5.81 | 16.97 | 24.28 |
Public Holding (%) | 65.04 | 69.8 | 65.04 | 69.8 |
ANNOUNCEMENTS TO NSE
11-07-2011 consolidated Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 110951.4 lacs for quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 9457.62 lacs for the quarter ending on 30-JUN-2011. -
11-07-2011 standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 55566.81 lacs for quarter ending on 30-JUN-2011. Net Profit / (Loss) of Rs. 6913.18 lacs for the quarter ending on 30-JUN-2011.
30-04-2011 Sintex Industries Limited has recommended dividend Rs. 0.65 per equity share for the year 2010-11, subject to approval of the shareholders. -
30-04-2011 press release dated April 30, 2011, titled "Sintex Industries Limited: FY11 Results Communication; FY11 Consolidated Top line crosses to US $1 billion mark; Monolithic sales zoom past Rs.12 billion mark for the year; Q4 PAT jumps 21%".
30-04-2011 standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 261597.24 lacs for year ending on 31-MAR-2011 against Rs. 201055.49 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 35755.87 lacs for the year ending on 31-MAR-2011 against Rs. 27370.26 lacs for the year ending on 31-MAR-2010.
30-04-2011 consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 447514.52 lacs for year ending on 31-MAR-2011 against Rs. 328164.12 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 46001.04 lacs for the year ending on 31-MAR-2011 against Rs. 32899.87 lacs for the year ending on 31-MAR-2010.
ABOUT THE COMPANY
Sintex Industries Limited (Earlier known as The Bharat Vijay Mills Ltd) has two divisions – textiles and plastics. In the area of textiles, it has been a pioneer in high value fabrics. For more details on textile division operations one may visit sintex-india.com
The Plastics Division started in the year 1975 and today the company has most diversified manufacturing capabilities in plastic processing in the world, with 10 plants spread across the country, more than twelve manufacturing processes under one roof, having more than 500,000 Sq. meter area and a more than 1000 strong work force. It has also created extensive finishing, assembling, metal fabrication and concrete products facilities. Combination of such varied capabilities along with its state-of-the-art design and tool room facilities enables it to give vast array of products and solutions.
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