The target margins for this fiscal year are 20%: C Krishna Prasad, Granules India

Discussion in 'Must-Read Interviews, Articles & News Items' started by Vidhi Khanna, Nov 27, 2015.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    The company expects the division to break even this year, but projections for the coming year point to profits. The company also expects to reach capacity utilization of 70-80% after which the earnings before interests, taxes, depreciation and amortization (EBITDA) will be expected to go up by 30%

    C Krishna Prasad, Managing Director of Granules India has high a positive outlook for the performance of his company.

    During an interview with CNBC-TV18, he confirmed that the company has had a relatively good first half. He also added that he expects better performance reports for the second half. Though the margins are currently at around 18%, his expectations are that the firm will achieve 20% margins.

    https://www.indiainfoline.com/artic...hna-prasad-granules-india-115112500483_1.html
     
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