Plastic products manufacturer Sintex Industries will declare its second quarter (July-September) earnings today. According to CNBC-TV18 poll estimates, analysts expect consolidated profit after tax to increase 23.2 percent to Rs 89.9 crore in the quarter ended September 2014 compared to Rs 72.9 crore in same quarter last year.
In Q2FY14, the company incurred a forex loss of Rs 8.4 crore.
Total income during the same period may jump 13.6 percent to Rs 1,551 crore in July-September quarter from Rs 1,365 crore in the year-ago period.
Operating profit is seen going up 18.4 percent on yearly basis to Rs 251 crore and margin may expand 70 basis points to 16.2 percent from 15.5 percent.
Monolithic business including EPC is expected to drive the growth during the quarter. Pre fab business is expected to report 20 percent growth in Q2 while custom moulding is expected to exhibit 15 percent Y-o-Y growth.
Overseas composites may grow 25 percent Y-o-Y, with margin at 8 percent (partly driven by stabilisation of acquisitions at Poland, Germany, and France-based Simonin) while domestic composites may grow 15 percent Y-o-Y, with margin at 20 percent (flat on sequential basis).
Debt is expected to increase on the back of capex towards textile plant, adjusted for FCCB and warrant conversions.
Key issues to watch out for would be outlook for Monolithic business, improvement in working capital, operating stabilisation of recent acquisitions, FCCB conversion and commencement timeline for textile plant.
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