In an interview to CNBC-TV18's Latha Venkatesh and Sonia Shenoy, Gopi Kannan, CFO of Atul Ltd, spoke about Q2 earnings and the road ahead for the company.
In an interview with CNBC-TV18, CFO Gopi Kanna talked about the results and the outlook going forward.
Atul Ltd informed CNBC-TV18 that Year on year basis, the profits have gone up by 54 percent. In the fourth quarter tha company has sold Rs 51 crore more and the gross margins were a tad better. The net profit saw a decline mainly due to some other expenses.
The Lalbhai Group has been steadily increasing its shareholding in Atul Ltd. In an interview with CNBC-TV18, Sunil S Lalbhai, MD and CEO of Atul Ltd said, the promoters have been increasing the stake quite substantially over the last many years. He sees FY12 sales at around Rs 1,750-2,000 crore.