Moneycontrol
Last Updated : Jan 30, 2018 02:25 PM IST | Source: CNBC-TV18

Expect to do Rs 1000-1050 crore of revenue in FY19: Balaji Amines

Balaji Amines posted a strong set of earnings in Q3. There has been a 22 percent revenue growth led by the amines division and margins have also improved this quarter. In an interview with CNBC-TV18, D Ram Reddy, Joint MD at Balaji Amines discussed the results and his outlook for the company.

CNBC TV18 @moneycontrolcom

Balaji Amines posted a strong set of earnings in Q3. There has been a 22 percent revenue growth led by the amines division and margins have also improved this quarter.

In an interview with CNBC-TV18, D Ram Reddy, Joint MD at Balaji Amines discussed the results and his outlook for the company.

The coming year, FY19, we will be doing around Rs 1,000-1,050 crore of revenue, he said.

The company’s current capacity utilisation is at 90 percent across all plants, he added.

EBITDA margin is sustainable, should maintain 18-20 percent level, said Reddy.

Speaking about the new facility, he said that, the new facility will start by October and will contribute around Rs 100 crore to the revenue.

For full interview, watch accompanying video...
First Published on Jan 30, 2018 02:25 pm
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