Moneycontrol PRO

Private projects been sluggish, should see momentum in next 2 quarters: Orient Bell

Ceramic tiles makers rallied in trade on Tuesday with stocks like Orient Bell and Asian Granito India hitting new highs. In an interview to CNBC-TV18, Madhur Daga, MD of Orient Bell spoke about the latest happenings in the company and his outlook going ahead.

September 20, 2017 / 12:26 PM IST

Ceramic tiles makers rallied in trade on Tuesday with stocks like Orient Bell and Asian Granito India hitting new highs.

In an interview to CNBC-TV18, Madhur Daga, MD of Orient Bell spoke about the latest happenings in the company and his outlook going ahead.

Quarter two has seen a bit of a revival for us and Q1 was flattish, said Daga.

Thirty-thirty five percent of our revenues come from government projects, it's fairly steady and moving towards high value products, he added.

He further said that private projects have been sluggish and should see some momentum in next two quarters.

Close

According to him, positive effect of goods and services tax (GST) will take some time.

He expects to post low double-digit volume growth.

Watch accompanying video for more details.
first published: Sep 20, 2017 12:26 pm
Sections
ISO 27001 - BSI Assurance Mark