Moneycontrol
Last Updated : Jan 25, 2018 01:40 PM IST | Source: CNBC-TV18

Expect margins to improve from current levels: Everest Ind

Everest Industries is buzzing in the trade this morning, up over 3 percent on the back of a steady set of Q3 numbers. In an interview with CNBC-TV18, Manish Sanghi, MD of the company spoke about the results and his outlook for the company.

CNBC TV18 @moneycontrolcom

Everest Industries is buzzing in the trade this morning, up over 3 percent on the back of a steady set of Q3 numbers. In an interview with CNBC-TV18, Manish Sanghi, MD of the company spoke about the results and his outlook for the company.

For FY19, we continue to see a positive market for all the three product line for the roofing, for the boards and for the steel buildings, he said.

We are hoping that the investment cycle particularly, the capex cycle will start building up. The new capex cycle is just about starting, we hope that will speed up and that should help us in our steel buildings business, which has not performed so well even in this quarter, he added.

We expect the consolidated margins to improve, said Sanghi.

The steel pricing scenario seems to be uncertain, he further mentioned.

On capacity utilisation front, he said it is pretty good. Currently, we are filled with orders and are operating to something like 80-90 percent capacity.

For full interview, watch accompanying video...
First Published on Jan 25, 2018 01:40 pm
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