Anil Jain, VP-Finance of Maharashtra Seamless, said the company's margins  for the seamless business have inproved from 23% to about 28%. Net sales have gone up by almost 44% and net profits are up by 69%.

The operational profit margin for the entire company has gone up to 24.5% from 21.5%. The company's order book stands at Rs 1,100 crore. It is expecting the turnover to grow by 40% in terms of production numbers by FY08. 

Jain said they will maintain their margins at around 25%.

Excerpts from CNBC-TV18's exclusive interview with Anil Jain:

Q: What has been the margin picture for the quarter? The profit numbers for the fiscal stands at about Rs 235?

A: The company's margins for the seamless business have improved from 23% to 28%. Its performance has also gone up substantially in terms of net sales by almost 44% and net profits by 69%.

Q: What is the OPM for the entire company, not just the seamless division?

A: Operating margins for the whole company have gone up to 24.5% from 21.5%.

Q: You have recently bagged an order of about Rs 470 crore from ONGC. At the end of FY07, what is your total order book at?

A: The order book is currently at Rs 1,100 crore and this is almost 1,35,000 tonne of order.

Q: By when is this executable?

A: The average lead time is around six months.

Q: Going by this and current prices, what do you expect will be the sales growth for FY08?

A: We expect our turnover to grow by around 40% in terms of production numbers.

Q: Will you be able to maintain margins at around 25%?

A: The margins will be maintained.