Expect FY17 earnings to be better than last fiscal: Bhageria Ind

Dyes manufacturer Bhageria Industries posted a 66.1 percent surge in total income for the June quarter at Rs 93.7 crore versus Rs 56.4 crore year-on-year.In an interview to CNBC-TV18, Chairman Suresh Bhageria shares details on Bhageria Industries' results for the June quarter and his future outlook.Below is the verbatim transcript of Suresh Bhageria's interview to Latha Venkatesh, Sonia Shenoy and Anuj Singhal on CNBC-TV18.Latha: How would you rate the chances of continuing this? You have done extremely well on both revenue and EBITDA, is it all because of raw material cost falling?A: This quarter it was good and this year we are hoping that the results will be better.Anuj: Last year because of the China issue, a lot of companies in your sector did well. Would that mean that the numbers would continue to look good for this year?A: Certainly. Q1 results are the second best in the history of Bhageria Industries. So we hope this year also we will be better than the earlier year.Latha: Are the Chinese companies still shut down? Will your revenues for instance for the full year be 60-70 percent higher for full FY17?A: I won't say China is shut down but they have the problem because now everybody is cautious about the environment issues. So if anything goes wrong, nobody is allowed to perform. So they will also have the problem and the cost keeps increasing. So we don’t have any fear about China and from Q1, the results of the company are better and the current July-August month also we are doing better. So we don’t see any problem.Sonia: Do you expect your revenues to be at Rs 350 crore by the end of FY17, that is something that you had guided for earlier?A: Yes, certainly.Latha: Your margins would do better than this?A: Yes certainly. Q1 results are the indication that the margins will be better than what we have performed in the earlier years.