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Last Updated : Jan 25, 2017 01:42 PM IST | Source: CNBC-TV18

Tata Metaliks aims to maintain EBIDTA around 15%

Sanjiv Paul, MD, Tata Metaliks said spike in coal and coke prices, comprising 55 percent of the total costs, combined with demonetisation impacted the numbers negatively.

Tata Metaliks has reported a mixed set of Q3 earnings. While the pig iron business's performance slowed down, the company's ductile pipe business showed some improvement.

Speaking to CNBC-TV18 Sanjiv Paul, Managing Director, said spike in coal and coke prices — that make up for about 55 percent of the company's total costs — combined with demonetisation impacted the third quarter earnings negatively.

Paul said Tata Metaliks' earnings before interest, taxes, depreciation and amortisation (EBITDA) margins too were struggling. However, he expected the firm maintain EBITDA around 15 percent going forward.

At 13:07 hours, the share was trading 1.42 percent down at Rs 350.60 on the BSE.

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First Published on Jan 25, 2017 01:32 pm