Earnings from the textile segment went up by 22.5 per cent year-on-year to Rs. 186.8 crore at Sintex Industries in the third fiscal quarter that ended on December 31, 2014. The company informed that the textile business has witnessed steady growth in the last four quarters and improved utilization has seen EBITDA margin expanding to 28 per cent from 23 per cent in same quarter of last fiscal year. Meanwhile, Sintex expects trail runs on 100,000 spindles of the 300,000 spindles new spinning project in Pipavav to commence in April 2015, with commercial production expected to start in September. The remaining 200,000 spindles are expected to commence production by December 2015.
