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Sintex Industries Q3 cons PAT seen down 49% at Rs 57 cr
Sintex Industries, a manufacturer of plastic products, is expected to report consolidated profit after tax of Rs 57 crore in third quarter of FY12, a fall of 49% as compared to Rs 113 crore in the corresponding quarter of last fiscal.
Sintex Industries , a manufacturer of plastic products, is expected to report consolidated profit after tax of Rs 57 crore in third quarter of FY12, a fall of 49% as compared to Rs 113 crore in the corresponding quarter of last fiscal.
Total income is likely to go down 2% to Rs 1,158 crore from Rs 1,186 crore during the same period.
EBITDA is seen going down 9% to Rs 179 crore in the quarter ended December 2011 versus Rs 197 crore in a year ago period.
Operating profit margin is expected to be at 15.46% as against 16.59% year-on-year.
Expectations
Revenues from monolithic business ((which are usually strong in H2)) might be under pressure due to delay in government payments, site clearances
Global headwinds resulting in concerns over company's European molding biz as well
Slowdown in monolithic construction might also impact QoQ margins
Bottom line impact expected due to currency depreciation which could lead to M2M losses
