NCL reported three-fold jump in net profit at Rs 18.83 crore for the quarter ended December 2016 (Q3FY17), on back of strong realisation. Company’s chief NGVSG Prasad said better realisations as well as better volumes have given the company good results.
Below is the verbatim transcript of NGVSG Prasad's interview to Reema Tendulkar & Nigel D'Souza.
Nigel: Cement revenue is up more than 50 percent. Could you tell us what was the volume growth in the past quarter and how much of it was because of high realisations?
A: The quarter has witnessed both better realisations as well as better volumes, so almost 70 percent capacity utilisation is operated for the quarter and that has given us good results for the quarter.
Nigel: What is the sales volume?
A: We have sold about 4 lakh tonne.
Nigel: That will be higher by?
A: Almost a lakh of tonne compared to the previous year.
Reema: So 33 percent increase in your volumes year-on-year, right?
A: Its quarter-on-quarter, December versus September.
Reema: For the current March quarter, would you be able to do volumes similar to 4 lakh tonne?
A: That depends on the market conditions.
Reema: How are the market conditions? What is your sense about volumes and realisations?
A: As of now they are in stable conditions and prices are stable.
Nigel: The 4 lakh tonne, if I compare it on YoY basis, what is the number compared to?
A: That will be around 16 lakh YoY.
Nigel: I am talking about 4 lakh tonne is what you did in Q3FY17. What did you do in Q3FY16?
A: It's about 2.6 lakh.
Nigel: Post demonetisation, have you managed to take any price increase and have you taken any price increase year-to-date in 2017?
A: Price increases keep on fluctuating. There are some price increases as well as price drops in the last quarter. Now the prices are stable.
For entire interview, watch accompanying video.