Jayant Agro-Organics reported a subdued set of earnings. In an interview to CNBC-TV18, Vikram Udeshi, CFO of Jayant Agro Organics spoke about the results and his outlook for the company.
Higher crude prices are significantly positive for the company, said Udeshi.
Talking about numbers, he said Q2 margin impacted due to goods and services tax (GST) and withdrawal of export incentives.
He expects an improvement in margin in Q3.
On revenue front, he expects FY18 revenue at Rs 2,200-2,400 crore.
We crossed 40 percent volume growth in first half of the year. Therefore, expect 20 percent volume growth for FY18, he said.
Watch accompanying video for more details.
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