Sintex Industries tumbles on reporting 39% fall in Q3 consolidated net profit

20 Jan 2017

Sintex Industries is currently trading at Rs 82.50, down by 6.60 points or 7.38% from its previous closing of Rs 89.40 on the BSE.

The scrip opened at Rs 90.00 and has touched a high and low of Rs 90.00 and Rs. 81.95 respectively. So far 1340311 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs 91.80 on 30-Oct-2016 and a 52 week low of Rs 62.36 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs 91.00 and Rs 81.95 respectively. The current market cap of the company is Rs. 4543.74 crore.

The promoters holding in the company stood at 32.47%, while Institutions and Non-Institutions held 30.77% and 36.76% respectively.

Sintex Industries has reported 35.47% fall in its net profit at Rs 102.12 crore for the quarter ended December 31, 2016 as compared to Rs 158.26 crore for the same quarter in the previous year. Total income of the company decreased by 6.21% at Rs 1282.14 crore for the quarter under review as compared Rs 1367.07 crore for the corresponding quarter previous year.      

On the consolidated basis, the company has reported 38.90% fall in its net profit after tax, minority interest and share of profit of associates at Rs 110.81 crore for the quarter ended December 31, 2016 as compared to Rs 181.35 crore for the same quarter in the previous year. However, total income of the company increased by 0.32% to Rs 2096.64 crore for quarter under review from Rs 2089.93 crore for the quarter ended December 31, 2015. 

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