Sintex Industries recorded a rise of 31 percent with an increase of Rs 20.36 crore in net profit for the quarter ended December 2005, compared to Rs 15.51 crore same period last year.
The company saw an increase of 15 percent in net sales to Rs 210.27 crore, compared to Rs 183.76 crore during the same period previous year.
Expansion in product offerings, representation in the plastic segment and increased margins in textile business, were the factors responsible for better performance.
Growth opportunities in the plastics business will be funded by the proceeds from the company's $50 million Foreign Currency Convertible Bond (FCCB) issue, by Sintex.
marketing@alchempro.com
