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In an interview to CNBC-TV18, Sunil Kanojia, group president of Sintex Industries says, the fourth quarter was negative in nature. He expects 16-16.50% margins ahead.
Plastic products manufacturer Sintex Industries is expected to report a fall of 41% year-on-year in its consolidated profit after tax of Rs 100 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Brokerage house JP Morgan has further cut earnings estimates and price target for Sintex, on lower than expected third quarter earnings.
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.
PINC Research has come with its quarterly earning estimates for Miscellaneous.
Sunil Kanojia, Group President, Sintex in an interview with CNBC-TV18 said that Q1 was a good quarter for the company, it was in line with expectations.
Sunil Kanojia the Group President of Sintex Industries spoke about their fourth quarter results. He also detailed the future developments in the company going forward.