Moneycontrol Be a Pro
Get App
Last Updated : Nov 02, 2017 01:51 PM IST | Source: CNBC-TV18

Expect FY19 revenue at Rs 2300cr, RoE to be in double-digit soon: Subros

Subros is in focus on the back of a good Q2. In an interview to CNBC-TV18, PK Duggal, VP-Corporate Planning & Marketing of the company spoke about the results and his outlook going ahead.

CNBC TV18 @moneycontrolcom

Subros is in focus on the back of a good Q2. In an interview to CNBC-TV18, PK Duggal, VP-Corporate Planning & Marketing of the company spoke about the results and his outlook going ahead.

We have grown by 23 percent on volume in Q2, said Duggal.

Talking about client contribution, he said Maruti Suzuki provides 71 percent of total revenue followed by Tata Motors, Mahindra and Mahindra, Renault Nissan and Denso.

Close

He further said that difference in margin from Maruti and peers is not between 5 percent and 7 percent.

On capacity front, he said the current capacity is at 1.5 million units and utilisation is at 90 percent so far.

"We will be closing this year between Rs 1,800-1,900 crore and next year we are expecting to reach to Rs 2,200-2,300 crore," said Duggal.

He also expects return on equity (RoE) to be in double-digit very soon.

Watch accompanying video for more details.

Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here.
First Published on Nov 2, 2017 01:50 pm
Loading...
Follow us on
Available On