Sintex Ind earnings climb 35.48% in Sep`07 qtr

Leading plastic water tanks maker, Sintex Industries (Q, N,C,F)* registered a substantial jump of 35.48% in net profits for the quarter ended September 2007, helped by strong sales volume and improved operating margin.

During the quarter, the company saw a rise in profits to Rs 419.85 million as against Rs 309.90 million in the same quarter, last year.The net sales for the quarter climbed by 26% to Rs 3,204.03 million, while the total income for the quarter rose 26.50% to Rs 3,286.10 million, when compared with the corresponding quarter, a year ago.

The operating margins increased to 22.72% during the quarter, a rise of 186.09 basis points compared with the corresponding quarter, a year ago. The earnings per share for the quarter climbed 30.07% to Rs 3.72 compared with the same quarter of previous year.


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