In an interview to CNBC-TV18, Ashok Gupta, Director-Finance at Jindal Stainless (Hisar) spoke about the results and his outlook for the company.
In Q1 we achieved 10 percent growth and numbers were around 1.65 lakh tonne for this quarter, said Gupta.
We have a target of 10-15 percent for FY18 sales volume growth, he added.
He further said that special products division is giving higher margin.
Jindal Stainless (Hisar) trying to increase cold roll steel’s revenue composition to 65 percent.
According to him, current cash flow is sufficient to meet debt obligations.
Have seen a revenue growth of 47 percent in Jindal Lifestyles, said Gupta.
Will see to unlock value from subsidiaries after two-three years, he added
Watch accompanying video for more details.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
