Sintex Inds
![Sintex Inds](https://images.sptulsian.com/stocks/6103532359.jpeg)
The stock yesterday breached the upper circuit at Rs.87.10 as the company posted Q2FY15 numbers which were much above expectations. The company, for the quarter ended 30th Sept 2014, posted a 47% (YoY) rise in consolidated net profit at Rs.107 crore and this was on the back of very good operational performance. Consolidated income was at Rs. 1681 crore, up 23% and EBITDA jumped up 36% at Rs.288 crore. Operating margin was at 17.1%, which was up by a healthy 160 bps. The market was expecting margin to come around 16% and this jump is what cheered up the stock price.
In terms of segment wise breakup, Plastics provide 81% to the topline and it showed a 20% (YoY) rise in revenue and EBIT margin was at 15.1%, up from 11.8%. Textiles did well, contributing around 10% to the topline. Its revenue rose 31% and EBIT margin jumped up by a huge 420 bps to 16.2%. On the other hand, infra segment despite a 39% rise in revenue, showed a major fall in its EBIT margin from 2.4% to 7.4%.
During the quarter, the company had forex loss of Rs.5.24 crore v/s loss of Rs.4 crore in Q1 and Rs.8.83 crore in previous Q2. Interest outgo remains pretty steep at Rs.114 crore for H1FY15.