See an improvement of 100 basis points (bps) in margins as utilisation improves, says Sanjay Shah, CFO, Shaily Engineering.
Sales of Shaily Engineering Plastics rose 24.38 percent to Rs 222.39 crore in the year ended March 2016 as against Rs 178.80 crore a year ago. Speaking to CNBC-TV18, Sanjay Shah, CFO of the company, said he expects a growth of 20-25 percent going forward.
He also sees an improvement of 100 basis points (bps) in margins as utilisation improves.
He said most of Shaily's contracts are raw material neutral, which means the change in raw material prices is passed on to customers. Further, Shah expects the company's topline to improve on the back of variances in products.
For entire interview, watch accompanying video.
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