Sintex Q3 cons net profit down 27% at Rs 82.2 cr

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Sintex Q3 cons net profit down 27% at Rs 82.2 cr

Sintex Industries, a plastic products manufacturer, has reported a consolidated net profit of Rs 82.2 crore in the third quarter of financial year 2011-12, a fall of 27.26% as compared to Rs 113 crore in the corresponding quarter of last fiscal.

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Sintex Industries , a plastic products manufacturer, has reported a consolidated net profit of Rs 82.2 crore in the third quarter of financial year 2011-12, a fall of 27.26% as compared to Rs 113 crore in the corresponding quarter of last fiscal.

Consolidated net sales fell over 2% to Rs 1,158 crore in the quarter ended December 2011 versus Rs 1,184 crore in a year ago period.

The company posted a forex gain of Rs 13.5 crore as against loss of Rs 60 crore quarter-on-quarter.

At 2:40 pm, the stock declined 1.8% to Rs 70.90 on the BSE. Trading volumes increased by 127% to 2,792,975 shares as against 5-day average of 1,226,608 shares.