Sintex Industries announced its Q1 FY13 results on 13 July 2012. The company’s consolidated Net sales decreased by 3% YOY to INR1081 crore and its EBITDA decreased by 6% YOY to INR178crore. EBITDA Margin of the company declined from 17.0% to 16.4% YOY. Consolidated PAT Ex EO declined by 20% YOY to INR76 crore. We maintain Buy at the current level of INR67.
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DESCRIPTION
|
Jun-12
|
Mar-12
|
Jun-11
|
QOQ
|
YOY
|
Net Sales
|
1081
|
1024
|
1112
|
6%
|
-3%
|
Total Expenditure
|
903
|
864
|
923
| ||
PBIDT (Excl OI)
|
178
|
160
|
189
|
11%
|
-6%
|
EBITDA (%)
|
16.4%
|
15.6%
|
17.0%
| ||
Other Income
|
4
|
12
|
17
| ||
Operating Profit
|
182
|
172
|
206
| ||
Interest
|
35
|
24
|
35
| ||
PBDT
|
146
|
148
|
171
| ||
Depreciation
|
48
|
34
|
44
| ||
PBT
|
98
|
114
|
127
| ||
Tax
|
24
|
26
|
34
| ||
Profit After Tax
|
74
|
88
|
93
| ||
Minority Interest
|
0
|
0
|
0
| ||
Shares of Associates
|
2
|
3
|
1
| ||
Consolidated Net Profit
|
76
|
91
|
95
|
-17%
|
-20%
|
PAT (%)
|
7.0%
|
8.9%
|
8.5%
| ||
Forex Gain/- Loss
|
-29
|
0
|
0
| ||
PAT Incl EO
|
47
|
91
|
95
|
-49%
|
-51%
|
Equity Capital
|
27.11
|
27.11
|
27.11
| ||
Face Value (In Rs)
|
1
|
1.00
|
1.00
| ||
No. of shares
|
27.11
|
27.11
|
27.11
| ||
EPS
|
2.79
|
3.35
|
3.49
|
-17%
|
-20%
|
Regards,
Team Microsec Research
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