Welspun Corp reported a good quarter. In an interview to CNBC-TV18, S Krishnan, CFO of the company discuss the details and his outlook for the company.
Margins this quarter have been good, but some moderation in margins is expected in later part of the year, he said.
We expect to maintain our trend of volumes of around millions of tonne for this financial year as well, he added.
Saudi business will continue to be a bit of a drag. He expects the outlook to be little better in the quarters ahead than what it has been at the end of Q1, said Krishnan.
Our agenda to monitor the debt book and maintain a tight control on capex continues as it has been over the last several quarters and our agenda to pare down the debt wherever there is an opportunity to pare down our debt also continues, he further mentioned.
He believes firmly in having a strong balance sheet because only a strong balance sheet can survive any average or below average market situation, he said.
For full interview, watch accompanying video...
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