See uptick in raw material prices, may lead to contraction in margins: Waterbase

Waterbase posted a stellar set of Q2 results. Their revenue is up over 20 percent this quarter and margins have also improved in Q2.

In an interview with CNBC-TV18, Ramakanth V Akula, CEO of the company spoke about the results and his outlook for the company.

Q2 numbers have been good largely on account of increased volumes of feed and softening of the raw material prices. Bottomline has improved because of these two factors, he said.

Raw material prices were at all-time low in Q1 and Q2 and slow uptick is seen in raw material prices. So margins may drop going ahead. There could be a slight contraction in margins, he added.