Gloster has posted a good set of earnings in Q3 as revenue growth was steady but margins were impacted by higher employee costs. In an interview to CNBC-TV18, Hemant Bangur, Chairman of Gloster spoke about the results and his outlook for the company.
Bangur said that the EBITDA margin should be higher in the next quarter.
He further said that 9-month revenue was down as plant was impacted by the fire.
According to him, raw jute prices have started moving up again.
We do not see any increase in raw material costs as we are adequately stocked, he added.
Watch accompanying video for more details.
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