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Seeing uptick in demand post Diwali: Sanghi Industries

Sanghi Industries posted a flat set of Q2 results. Power and fuel costs have also spiked which impacted the company's performance in Q2. In an interview with CNBC-TV18, Bina Engineer, Director of the company discussed the details.

November 14, 2017 / 04:12 PM IST

Sanghi Industries posted a flat set of Q2 results. Power and fuel costs have also spiked which impacted the company's performance in Q2. In an interview with CNBC-TV18, Bina Engineer, Director of the company discussed the details.

Prices have stayed very strong in Gujarat and western sector. They  were higher by about 22 percent and volumes have dropped by about 16 percent, she said.

Volumes of the company were impacted due to goods and services tax (GST) implication and heavy flooding in Gujarat.

Demand is now ticking because post Diwali generally Q3 and Q4 are better quarters, she added.

Current long-term debt on the book is around Rs 45 crore, she further mentioned.

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For full interview, watch accompanying video...
CNBC-TV18
first published: Nov 14, 2017 04:12 pm
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