Sintex Q4: Analysts expect 2.4% growth in PAT, 25% in sales

Plastic products manufacturer Sintex Industries will announce its results for the fourth quarter (January-March) today. Analysts on an average expect the company to report 2.4 percent growth year-on-year in profit after tax at Rs 91 crore.

Income from operations is seen going up by 24.8 percent to Rs 1,278 crore from Rs 1,024 crore Y-o-Y. Also Read - CRISIL raises fair value of Supreme Industries to Rs 370
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise 24.6 percent Y-o-Y to Rs 199 crore, operating profit margin is expected to be flat at 15.6 percent during the quarter.
Analysts feel the company is likely to post robust revenue growth on the back of fresh capital infusion leading to adequate availability of funds for meeting the working capital to run its monolithic business.
Sintex has repaired its balance sheet by raising equity though the QIP route, warrants and new FCCBs.
Hence, analysts expect the cash infusion to help its monolithic business which was facing problems due to tight liquidity. Segment wise performance
Despite adequate availability of funds, overall growth in monolithic segments will remain flattish, say analysts.
Overseas custom molding business (NIEF and Wausaukee) will see slight uptick in demand (around 25 percent Y-o-Y growth) while performance at domestic custom molding (BRIGHT) will remain stable (around 15-20 percent Y-o-Y growth).