The company said their sales have been almost -3% and profit has been about -10%. The sales have been lower on ground of commodity prices reduction; last year they had peak commodity prices and the sales are highly dependent on fluctuations on the commodity prices. There was no suppression of demand.However there was 15-20% increase in their productivity but in absolute terms it has gone down by about 3%.
The profit has been lower by about 10% on account of less financial income and less other income. Operational income or gross profit has been much higher than the last year. So productivity and operational of the plant, better-off than the last year but the financial and other income has been lower.
The management also said that sintex would do about flat to 5% topline growth with about 15-20% growth on the bottomline.
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