The company had posted a net profit of Rs 162.03 crore for the October-December period of the last fiscal, the company said in a statement.
Sintex Industries consolidated net sales during the quarter under review were up 11.99 per cent to Rs 2,044.97 crore as against Rs 1,826.02 crore in the same period last fiscal.
He further added that the company's subsidiary Sintex BAPL has formed a JV with a leading European rotomolding player Rototech, Italy to explore potential opportunities in the domestic automotive markets.
"These are high-end components critical for the automotive industry. We will be introducing this technology for the first time in India," Patel said.
Shares of Sintex Industries were trading lower by 6.09 per cent at Rs 94.85 per scrip on the BSE in the afternoon trade.