Sintex Industries - Q3 FY13 Results First Cut - Microsec

Sintex Industries announced its Q3 FY13 results on 10 jan 2013. The company's consolidated Net sales increased by 23% YOY to INR1427 crore and its EBITDA increased by 35% YOY to INR220 crore. EBITDA Margin of the company improved from 14.1% to 15.4% YOY.

Consolidated PAT Ex EO increased by 44% YOY to INR99 crore. PAT including EO item declined by 35% YOY to INR54 crore. Adjusted EPS for the current quarter jumped by 25% yoy due to dilution of share capital from 27.1 cr to 31.1 crore.

At the CMP of INR69, the valuation at 6x its FY13E EPS looks attractive. We advise the investors to Buy the stock for investment.

Source : Equity Bulls

Keywords