Sintex Industries Q2 net loss widens to Rs 278 crore, expenses surge 23% ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 15
Textiles maker Sintex Industries on Monday reported widening of consolidated net loss to Rs 277.93 crore for September quarter 2022-23. The company had incurred a net loss of Rs 181.92 crore during July-September period a year ago, Sintex Industries said in a regulatory filing. Revenue from operations was up at Rs 692.16 crore from Rs 614.87 crore in the year-ago period. Total expenses were at Rs 1,003.92 crore, higher by 23.03 per cent from the year-ago quarter. Sintex Industries is going through an insolvency resolution process. Its lenders have approved the resolution plan (RP) submitted by Reliance Industries jointly with Assets Care & Reconstruction Enterprise on March 19, 2022. The int

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