We see no particular advantage in demerger, Sharad Saraf, CMD of Technocraft Industries (India) said.
Technocraft Industries (India) is in focus after they approved 28 lakh share buyback.
In an interview to CNBC-TV18, Sharad Saraf, CMD of the company spoke about the latest happenings in the company and discussed the FY18 outlook.
We have re-engineered textile division with Rs 100 crore capex, said Saraf.
He further said that textile division will turn profitable by Q4 of FY18 or Q1 of FY19.
According to him, textile business will turn EBIT positive from FY19.
Saraf expect Rs 500 crore topline from textile business going ahead.
We see no particular advantage in demerger, he further mentioned.Watch accompanying video for more details.