Moneycontrol
Last Updated : Jan 04, 2018 03:49 PM IST | Source: CNBC-TV18

FY18 looking bleak due to issues in domestic & international markets: Aro Granite

Aro Granite Industries is buzzing on the back of a big bulk deal yesterday where Dilip Kumar Lakhi bought close to 1.5 lakh shares in the company. In an interview to CNBC-TV18, Sahil Arora, Whole Time Director of the company spoke about the latest happenings in the company and gave his outlook for the future.

CNBC TV18 @moneycontrolcom

Aro Granite Industries is buzzing on the back of a big bulk deal yesterday where Dilip Kumar Lakhi bought close to 1.5 lakh shares in the company. In an interview to CNBC-TV18, Sahil Arora, Whole Time Director of the company spoke about the latest happenings in the company and gave his outlook for the future.

He said that FY18 looking bleak due to issues in domestic and international markets.

He further said that we will produce new materials which sell for 2-4 time the price of what we currently selling and it's in high demand in the international market.

Majority of company's materials are used for kitchen countertops, he added.

According to him, demand for natural stones from India has come down.

On GST front, he said goods and services tax (GST) has impacted export-oriented units (EOUs). GST refunds for EOUs have not yet come in, he further mentioned.

Watch accompanying video for more details.
First Published on Jan 4, 2018 03:45 pm

tags #Business

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