Sintex Industries, a leading plastic products manufacturer, witnessed a sharp rise in share prices on Friday after it announced a increase in consolidated net profit for the quarter ended March 2015.

During the quarter, the profit of the company rose 22.72% to Rs 1,977.84 million from Rs 1,611.73 million in the same quarter last year.

Net sales for the quarter rose 11.62% to Rs 22,240.59 million, compared with Rs 19,926 million for the prior year period.

Shares of Sintex Industries are trading at Rs 110.65, up Rs 6.25, or 5.99% at the Bombay Stock Exchange (BSE) on Friday at 10:12 a.m.

The scrip has touched an intra-day high of Rs 111.15 and low of Rs 107.10. The total volume of shares traded at the BSE is 674,360.