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Sintex Plastics Technology reports 47% fall in Q1 consolidated net profit

17 Jul 2018 Evaluate

Sintex Plastics Technology has reported results for first quarter ended June 30, 2018.

The company has reported a fall of 62.14% in its net profit at Rs 0.78 crore for the quarter under review as compared to Rs 2.06 crore for the same quarter in the previous year. Total income of the company decreased by 50.28% at Rs 2.62 crore for Q1FY19 as compared Rs 5.27 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 46.81% fall in its net profit at Rs 37.53 crore for the quarter under review as compared to Rs 70.56 crore for the same quarter in the previous year. Total consolidated income of the company declined by 12.07% at Rs 1331.37 crore for Q1FY19 as compared Rs 1514.04 crore for the corresponding quarter previous year.

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