Stock Market News By Market Expert

Sintex Industries said that the company has improved earnings before interest, taxation, depreciation and amortization margin in Q2 November 2013. Healthy execution in prefabs as a result of ongoing spending on social schemes maintained the robust growth in prefabs building segment at 31%. The custom molding business rose 10% largely because of traction in overseas contribution. The textile segment registered a good topline and margin growth. Topline rose 12% and EBITDA margin rose by 241 basis points in Q2 November2013 over Q1 June 2013. This was driven by better utilization and a dollar appreciation, resulting in better pricing for the products, Sintex Industries said.Sintex Industries is a dominant player in plastic and textile business segment. With global footprints spanning 9 countries, Sintex has a strong presence in the European, American, African, and Asian markets including countries like France, Germany and USA.
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