Sintex Industries climbs over 10% post Q4 results

Shares of Sintex Industries rallied over 10 per cent in early trade on Wednesday after the company posted 16 per cent year-on-year rise in net profit at Rs 57.42 crore for the quarter ended March 2018. It had posted a net profit of Rs 49.54 crore in the corresponding quarter last year.

The company announced its financial results for the March quarter post market hours on Tuesday.

Net profit of the company jumped 172 per cent on quarter-on-quarter basis.


However, total income of Sintex slipped 4.62 per cent YoY to Rs 664.74 crore during the quarter under review.

The board recommended a dividend of Rs 0.10 per equity share for the financial year 2017-18.

Shares of the company were trading 10.95 per cent up at Rs 18.75 at around 9.30 am (IST) on BSE. The scrip opened at Rs 17.85 and touched a high and low of Rs 19.45 and Rs 17.85, respectively, in trade so far. Benchmark BSE Sensex was down 35 points at 35,181 at around the same time.

Sintex Industries had scaled its fresh 52-week high of Rs 38.55 on July 20, 2017 and fresh 52-week low of Rs 16.80 on May 8, 2018.