Moneycontrol
Last Updated : Jan 10, 2018 12:16 PM IST | Source: CNBC-TV18

Expect Q4 margins above 20% levels: Sarda Energy

The Sarda Energy & Minerals stock has had a good start to the year with a 20 percent gain so far. In an interview with CNBC-TV18, Padam Jain, Director & CFO of the company spoke about the latest happenings in his company and sector.

CNBC TV18 @moneycontrolcom

The Sarda Energy & Minerals stock has had a good start to the year with a 20 percent gain so far. In an interview with CNBC-TV18, Padam Jain, Director & CFO of the company spoke about the latest happenings in his company and sector.

There has been 25-30 percent price rise in last two months in almost all the segments. Pellet prices have risen by 30 percent in last two months, he said.

According to him, the raw material price increase has followed the increase in the selling prices.

With the focus on the infrastructure from the government’s side, demand should be maintained. Affordable housing is another sector which is bringing in demand, he added.

Steel raw material prices are up 25-30 percent, said Jain.

Increase in the market will be reflected in Q4 earnings. Expect Q4 margin above 20 percent levels, he further mentioned.

For full interview, watch accompanying video...
First Published on Jan 10, 2018 12:16 pm

tags #Business

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