Feb 15, 2017 04:03 PM IST | Source: CNBC-TV18

See margins improving by 200 bps going ahead: India Glycols

In an interview with CNBC-TV18, Rakesh Bhatia, CEO, India Glycol said the company is committed to reducing debt and aims to bring it down by Rs 100 crore in FY17.

India Glycols reported a decent set of third quarter earnings with operational improvement and a profit of Rs 8.9 crore against a loss of Rs 25.3 crore in the same quarter last fiscal.

In an interview with CNBC-TV18, CEO Rakesh Bhartia said the company is committed to reducing its debt and aims to bring it down by Rs 100 crore in FY17.

He sees margins improving by 200 basis points going ahead and expects FY18 debt to be around Rs 1,200 crore.

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