In an interview to CNBC-TV18, K Srinivasan, MD of Carborundum Universal spoke about the results and his outlook for the company.
In an interview with CNBC-TV18, K Srinivasan said that the demand pick up is significantly better in this fiscal and the company's capacity utilisation is also scaling up, which is expected to be around 80 percent for the second quarter.
Revenue gained 12 percent to Rs 535.1 year-on-year (YoY) and EBITDA margins grew 150 basis points (bps) to 17.4 percent (YoY).
Carborundum Universal sold Laserwords stake earlier this month for about Rs 50 crore. In an interview to CNBC-TV18, K Srinivasan managing director of Carborundum Universal says, the company will use the proceeds to fund its capex.