Moneycontrol
Last Updated : Nov 06, 2017 03:08 PM IST | Source: CNBC-TV18

Don't have any plans to dispose stake in Can Fin Homes: Sarda Energy

Sarda Energy and Minerals posted a good set of Q2 earnings. The margins are up 650 bps for the company and the stock has gained nearly 170 percent in the past year.

CNBC TV18 @moneycontrolcom

Sarda Energy and Minerals posted a good set of Q2 earnings. The margins are up 650 bps for the company and the stock has gained nearly 170 percent in the past year.

In an interview to CNBC-TV18, Padam Jain, Director & CFO of Sarda Energy discussed the company's Q2 performance.

Jain said that topline growth is mainly due to increase in realisations.

He further said that major volume growth will come from subsidiaries.

Talking about debt, he said the current long-term debt stands at Rs 150 crore and long-term consolidated debt is around Rs 1,000 crore.

On Can Fin stake, he said we do not have any plans to dispose stake in Can Fin Homes.

Watch accompanying video for more details.
First Published on Nov 6, 2017 03:08 pm
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