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

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.

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