Hope to achieve 10% growth going forward: IFGL Refractories

IFGL Refractories reported weak numbers in Q1 of FY17. Sharp depreciation of the pound sterling resulted in Rs 5.4 crore loss on profitability, says Pradeep Bajoria, MD of the company.50 percent of revenues of the company come from overseas market, which was impacted by losses arising from currency fluctuations, he added.He spoke about the results and his outlook for the company going forward."Going forward, we expect things to be much better and we hope to achieve 10 percent growth and better profitability," he said.Company currently has 20 percent market share.For entire interview, watch accompanying video...