Full-year revenue likely to be flat in FY18, says Sintex Plastics

Sintex Plastics Technology has reported their first set of earnings after the demerger from the parent company -- Sintex Industries. In an interview to CNBC-TV18, Samir Joshipura, Group CEO of the company spoke about the results and his outlook going ahead.

We have seen modest growth of 6-7 percent in custom moulding in Q2, said Joshipura. The pre-fab (prefabrication) business has taken a hit due to demonetisation, he said, adding that it is expected to clock growth here on. However, the full-year revenue should be flattish in FY18, said Joshipura.

He also expects margins to cross 18 percent going ahead compared to current 16.5-17.5 percent.

Talking about debt, he said we have reduced the debt by Rs 300 crore in last quarter.