Star Cement reported good set of Q1 numbers. In an interview to CNBC-TV18, Sanjay Gupta, CEO of Star Cement spoke about the results and his outlook for the company.
We have rationalised realisations in certain markets and improved realisations in better markets like Northeast, he said.
A lot of discounts have been taken off and there have been some improvements in the price in this quarter, he added.
The company has reported an EBITDA of Rs 2,240 per tonne for this quarter. For the full year we will be looking at around 10-12 percent volume growth, said Gupta.
The company expects subsidies worth Rs 150-200 crore this quarter and somewhere around Rs 300 crore in rest of FY18. The large part of the subsidy received will be used for debt reduction.
The long-term debt of the company is at Rs 425 crore.
For full interview, watch accompanying video...
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