Plastiblends India reported weak set of Q2 numbers. In an interview with CNBC-TV18, Satyanarayan Kabra, Vice Chairman and MD of the company discussed that and more.
July month was bad due to goods and services tax (GST) disruption. August was better than July, September was better than August and subsequently October and November will also be better, he said.
November witnessed the highest ever sales, he added.
According to him, GST pain will remain till the end of March but second half of the year FY18 will be definitely better than the first half.
We should become normal by March ending and next year should be very good for the industry, said Kabra.
Expect 11-12 percent EBITDA margin once GST disruption normalises, he further mentioned.
For full interview, watch accompanying video...
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