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    HomeNewsBusinessEarningsExpect revenue to grow by 40% in FY19: Prakash Industries

    Expect revenue to grow by 40% in FY19: Prakash Industries

    In an interview to CNBC-TV18, Ved Prakash Agarwal, Chairman of Prakash Industries discussed the company's Q3 performance.

    CNBC-TV18
    January 08, 2018 / 15:35 IST

    In an interview to CNBC-TV18, Ved Prakash Agarwal, Chairman of Prakash Industries discussed the company's Q3 performance.

    Agarwal said we saw strong results on the back of up cycle seen in the steel industry.

    He further said that we believe strong results are sustainable.

    We expect margins to improve from 21 percent to 25 percent in Q4 of FY18, he added.

    Talking about business, he said we are awaiting regulatory clearance for company's iron ore mine in Odisha.

    On growth front, he said we expect revenue to grow  by 40 percent in FY19.

    We will reduce debt by Rs 300 crore in Q4 of FY18, said Singh.

    For entire interview, watch accompanying video.

    CNBC-TV18
    first published: Jan 8, 2018 03:24 pm

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