From announcment to BSE:

Sintex Industries Ltd has announced the following Unaudited results for the quarter ended September 30, 2008:

The results for the Quarter ended September 30, 2008

The Company has posted a net profit of Rs 682.415 million for the quarter ended September 30, 2008 as compared to Rs 419.845 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3286.10 million for the quarter ended September 30, 2007 to Rs 4635.834 million for the quarter ended September 30, 2008.

The Consolidated results are as follows:

The consolidated results for the Quarter ended September 30, 2008

The Group has posted a net profit of Rs 837.802 million for the quarter ended September 30, 2008 as compared to Rs 442.725 million for the quarter ended September 30, 2007. Total Income has increased from Rs 3976.633 million for the quarter ended September 30, 2007 to Rs 7560.686 million for the quarter ended September 30, 2008.

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Another interesting fact from their announcement:
 
"In the monolithic segment, the demand for low cost mass housing has been increasing significantly. Sintex's order book stands at Rs 15 billion (Rs 1500 Crores) in various projects ranging from slum development, police quarters and government quarters. This order book will be executed over FY09 and FY10."


Edited by abhishekbasu - 10/Oct/2008 at 6:03pm

whats going wrong with Sintex....is it a case of frustrated selling or expected hit due to real estate connection....

Originally posted by tigershark also dont forget the textile div which is in the direct line of fire

I think Q4 constitutes 35-40% of annual revenues. So lets see how it pans out.