*Banswara Syntex,* a vertically integrated textile mill, swung to loss for
the quarter ended December 2008. During the quarter, the company reported
loss of Rs 17.90 million compared with a profit of Rs 4.80 million in the
same quarter previous year.

Net sales for the quarter rose 27.61% to Rs 1,275.34 million, while total
income for the quarter rose 27.68% to Rs 1,278.39 million, when compared
with the prior year period.

The company reported loss of Rs 1.37 a share during the quarter compared
with earnings of Rs 0.37 a share in prior year period.


  *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07*
*%Change* *Net Sales* 1,275.34 999.44 27.61 *Net Profit* (17.90) 4.80 - *Basic
EPS* (1.37) 0.37 -

During the quarter, the operating margin of the company climbed by 313.84
basis points to 12.09% compared with the previous year period. Interest cost
increased 41.58% to Rs 98.16 million while depreciation cost rose 32.62% to
Rs 74.32 million over previous year period.

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