HomeNewsBusinessEarningsReduced Rs 180 cr long-term debt post IPO: Prabhat Dairy

Reduced Rs 180 cr long-term debt post IPO: Prabhat Dairy

Value-added products helped volume and revenue growth in second quarter, Vivek Nirmal, Joint-MD of Prabhat Dairy told CNBC-TV18.

November 16, 2015 / 15:55 IST
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Value-added products helped volume and revenue growth in second quarter, Vivek Nirmal, Joint-MD of Prabhat Dairy told CNBC-TV18. The company's revenue rose 20 percent to Rs 289 crore and earnings before interest, tax, depreciation and amortisation (EBITDA) increased 56.6 percent in the quarter gone by. Post it Initial Public Offer (IPO) in September, the company has managed to shed Rs 185 crore of its long-term debt till date. Watch video for more.

first published: Nov 16, 2015 03:33 pm

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