Sintex Industries Q2 net dips 32%

Sintex Industries Q2 net dips 32%Sintex Industries, leading plastic products maker, has posted 32% dip in its consolidated net profit for the second three month period ended September 30, 2009.

During the review period, the company's net profit figure stood at Rs 57.2 crore, over the corresponding period last fiscal.

In a filing to the Bombay Stock Exchange (BSE), functionaries of Sintex Industries stated that the company's total income plunged to Rs 720.23 crore in the latest quarter, against Rs 756.06 crore in the similar period corresponding fiscal.

The sources informed that company's net profit on standalone basis has witnessed dip of  31.14% to Rs 46.99 crore for the second quarter over the same period last fiscal.