Yuken India stock is up 680 percent this year. In an interview with CNBC-TV18, CP Rangachar, MD of the company spoke about the latest happenings in his company and sector.
The company has signed a joint development project with Brigade, which will be launched by March of next year.
The plans have gone for approval. We expect to get about Rs 160 crore over the next three years starting from the launch, he said.
We also expect revenue to double to Rs 600 crore by end of 2022, he added.
On margins, we should see around 13 percent by end of this year, said Rangachar.
Current year has been good and we believe that the demand is going to be there, he further mentioned.
For full interview, watch accompanying video...