Hi @hitesh2710,
I attended the conf call of CCL . The management maintained the volume guidance for FY16. They highlighed couple of reasons for lower sales and profits.
1. 5 cr of sales is pushed to next quarter as they did not receive bill of lading in time before the close of qtr.
2. the 'other operating income' has also dropped to 2.4 cr in Q2 compared to around 8 cr last qtr and Q2 14. the mgmt said it is related to some duty writeback and technical in nature and they expect it to normal levels from next qtr onwards. CFO was not there on call today. so he was not able to provide more details into these nos.
the CEO was also not able to provide answers to increase in short term borrowings
But the mgmt looked fairly confident of achieving 130 cr pat in fy16.
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