Sintex Industries, a market leader in the plastic and textiles business segments, has announced the results for the three month period ended December 31, 2008.

On a standalone basis, the company has registered an increase of 21.06 percent in its third quarter net profit, which stood at Rs 708.44 million, as against Rs 585.175 million during the corresponding quarter of the last year (Dec 2007).

The total income of the company rose 36.12 percent to 8453.49 million as against Rs 6210.39 million in the previous year period.

The company recorded a steady growth in standalone net profit for he same period (Q3) ended December 31, 2008.

For the three month period, the profit of the company rose 13.85 percent to Rs 630.46 million from Rs 553.77 million in the same quarter last year.

Net sales for the period zoomed 31.15% to Rs 5,087.61 million, whereas total income during the quarter surged by 35.37% to Rs 5,342.64 million, when compared with the prior year period.

The company reported earnings per share (EPS) of Rs 4.65 during the quarter. The EPS during the third quarter was 3.53 percent down over previous year period.

The company shares, on Friday (Jan 09) closed at Ra 193.85, down Rs 11.35, at the Bombay Stock Exchange (BSE). The total volume of shares traded was 27,963.