Textile Segment Sales Up At Sintex

SintexTextile segment sales in the first quarter ended June 30, 2015 grew 10.74 per cent year over year at diversified Indian manufacturer, Sintex Industries Ltd.

In a BSE filing, the textile division of Sintex Industries reported sales of Rs 171.92 crore in the first quarter of fiscal 2016, up 10.74 per cent from Rs 155.24 crore in the same quarter of previous fiscal.

Profit before tax and interest of the textile segment in the reporting quarter, however, rose higher at 16.26 per cent to Rs 20.51 crore from Rs 17.64 crore in the first quarter of the prior fiscal.

Overall consolidated sales, which also includes the plastics division, grew slower at 9.40 per cent to touch Rs 1,467.55 crore from Rs 1,341.37 crore in the corresponding quarter of fiscal 2015, up 9.40 per cent.

Driven by higher employee benefit expense and depreciation and amortisation expense, expenditure in the quarter under review climbed 10.31 per cent to Rs 1,315.64 crore as against Rs 1,192.61 crore in the prior fiscal first quarter.

Reference Link