Moneycontrol
Nov 01, 2017 03:20 PM IST | Source: CNBC-TV18

GST supporting market growth; expect positive close for FY18: HIL

In an interview to CNBC-TV18, Dhirup Roy Choudhary, MD & CEO of HIL spoke about the company's performance and the outlook going ahead.

CNBC TV18 @moneycontrolcom

In an interview to CNBC-TV18, Dhirup Roy Choudhary, MD & CEO of HIL spoke about the company's performance and the outlook going ahead.

We are seeing goods and services tax (GST) definitely supporting the market growth and demonetisation stabilising a lot of consolidation in the market. We have posted 12 percent on the topline and 55 percent growth on the profit before tax (PBT) and at a half yearly stage, we are already at 95 percent of last year's profit before tax, he said.

HIL is steadily looking at improving all its numbers on the working capital. We have already come down from 12 percent to 8 percent on the working capital and a huge element of cost saving drive is going. The momentum will be on and we can look at closing the year pretty positively this year, he added.

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