Sintex Industries Limited, manufacturers of storage tanks have came out with excellent Q2 results. Sales increased by 50% from 178 crores to 254 crores year over year from sep 2005 to 2006. Net profit increased by 90% comparing Q2 2006 to Q2 2007. Sintex Industries Q2 consolidated net profit is at Rs 30.9 crore.
FII, Warburg Pincus holds significant investment in Sintex Industries Limited. They first invested in February-2005.