Friday, May 11, 2012

Sintex Industries Q4 PAT seen down 41% at Rs 100 cr

Plastic products manufacturer Sintex Industries is expected to report a fall of 41% year-on-year in its consolidated profit after tax of Rs 100 crore for the fourth quarter of FY12, according to CNBC-TV18 poll.
Total income too is seen going down by 9% to Rs 1,332 crore from Rs 1,464 crore year-on-year. EBITDA is likely to fall 33% to Rs 208 crore from Rs 310 crore during the same period.
Operating profit margin is seen declining at 15.65% for the January-March quarter of 2012 as against 21.16% in the corresponding quarter of last fiscal.
On quarter-on-quarter basis, consolidated total income is seen going up by 15%, profit after tax by 22% and EBITDA by 28%.
Q4FY12 Expectations
Monlithic Biz
Expect revenues to decline YoY due to slowdown in monolithic biz
Monolithic sales are expected to decline due to slowdown in order execution
Monolithic biz also seeing delays in payments from the govt. and stagnant order book
Pre-fab biz
Slowdown in monolithic biz to more than offset the strong growth in pre-fabricated structures biz
Custom Molding biz
Overseas custom molding biz expected to see macroeconomic headwinds
Performance in domestic custom molding biz expected to improve sequentially on the back of settling of labour disputes at Maruti

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