EBITDA to be higher than last year's: Texmaco Rail

In an interview to CNBC-TV18, AK Vijay, ED of Texmaco Rail spoke about the results and his outlook for the company. The Q1 net profit is up at 12.2 crore versus a loss at Rs 1.6 crore whereas EBITDA is up at Rs 9.3 crore as compared to a loss at Rs 3.7 crore.He mentions that the Q1 numbers are comparable on a like-to-like basis as the Kalindee merger has not yet taken place.He also states that the EBITDA has been positive due to the adoption of the Ind-AS accounting standards and expects that margins will be maintained or will be better than the previous year.Watch the accompanying video for the full interview...