Moneycontrol
Last Updated : Jan 18, 2018 02:09 PM IST | Source: CNBC-TV18

Looking at monetising assets, expect to be debt-free in next few years: Jagatjit Ind

Jagatjit Industries is the stock in focus. It is close to around 35 percent in this year and it is up around 80 percent in the last twelve months.

CNBC TV18 @moneycontrolcom

Jagatjit Industries is the stock in focus. It is close to around 35 percent in this year and it is up around 80 percent in the last twelve months.

In an interview with CNBC-TV18, Roshini Jaiswal, Promoter of the company spoke about the latest happenings in his company and sector.

We have already started looking at monetising the assets, she said.

We have attempted to be debt-free in the next few years, she added.

Last year we hit many roadblocks from a demonetisation perspective, from a highway ban perspective. Going forward, a lot of backend work has been completed. Our losses last year were significant, said Jaiswal.

We have become EBITDA positive for the last five quarters and our losses have also halved. So it is moving in the right direction, she further mentioned.

For full interview, watch accompanying video...
First Published on Jan 18, 2018 02:09 pm

tags #Business

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