Business will be back to normal from Q3, says Suprajit Engineering

Suprajit Engineering reported a subdued set of Q1 earnings. Margins were hit but revenue rose 26 percent. In an interview to CNBC-TV18, Ajith Rai, CMD of Suprajit Engineering spoke about the results and his outlook for the company.

"Margins have taken about 100 bps hit and it's largely due to the introduction of goods and services tax (GST)," said Rai.

Business in the aftermarket, both directly through our own channels in the market as well as what we do through our original equipment manufacturers (OEMs) for their requirement aftermarket, both has taken a significant hit, he mentioned.

He further said that cable division will continue to post good margin. According to him business will be back to normal from Q3.

"Our business growth both at the topline and at operational EBITDA level, if industry, for example grows at 5-10 percent, we will grow another 5-10 percent more," he added.

Watch accompanying video for more details.