In an interview to CNBC-TV18, Navneet Saraf, Director at Technocraft Industries India spoke about the results and his outlook for the company.
“Q4 of FY17 was operationally much better than last quarter. We had better product mix, better price realisations and higher volumes as well”, he said.
In December quarter, the company had some pressures on account of raw material price increase mainly steel and zinc which was felt by scaffolding division, said Saraf.
He further mentioned that drum closure division has grown well in FY17 in terms of topline and bottomline.
He is also seeing good traction in China in drum closure segment.
He expects to see additional Rs 50 crore increase in topline coming in the drum closure business on a consolidated business.
Fabric division of the company has posted net positive numbers. “We are looking at further increase in that in next year”, he said.
He expects the scaffolding division to do closer to Rs 400 crore next year. “We are expanding in the domestic market, we are taking advantage of the infrastructure boom that is happening in India”, he added.
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