Moneycontrol
Last Updated : Jan 08, 2018 03:35 PM IST | Source: CNBC-TV18

Expect revenue to grow by 40% in FY19: Prakash Industries

In an interview to CNBC-TV18, Ved Prakash Agarwal, Chairman of Prakash Industries discussed the company's Q3 performance.

CNBC TV18 @moneycontrolcom

In an interview to CNBC-TV18, Ved Prakash Agarwal, Chairman of Prakash Industries discussed the company's Q3 performance.

Agarwal said we saw strong results on the back of up cycle seen in the steel industry.

He further said that we believe strong results are sustainable.

We expect margins to improve from 21 percent to 25 percent in Q4 of FY18, he added.

Talking about business, he said we are awaiting regulatory clearance for company's iron ore mine in Odisha.

On growth front, he said we expect revenue to grow  by 40 percent in FY19.

We will reduce debt by Rs 300 crore in Q4 of FY18, said Singh.

For entire interview, watch accompanying video.
First Published on Jan 8, 2018 03:24 pm
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