Titagarh Wagons posted a weak set of earnings in Q3 as one-time provision hurts EBITDA. In an interview with CNBC-TV18, Umesh Chowdhary, VC and MD of Titagarh Wagons spoke about the results and his outlook for the company.
For the next couple of quarters, our focus is going to be on the order book building because, in our industry, there is a lag between the order book building and the revenue getting generated, he said.
We do see healthy growth from Q1 of FY19 in the Indian operations, he added.
In Q3 also, the Indian operations have grown compared to Q2 - our EBITDA and profit after tax (PAT) from about Rs 1.5 crore to Rs 4 crore, said Chowdhary.
Italian subsidiary has had ramped up its revenue after we acquired it in 2015. We have executed a large portion of orders that we had inherited and the orders that we had booked. We are waiting for the order book build up to happen. We are participating in tenders worth almost 2.5 billion euros from the Italian subsidiary where we have been prequalified and we are hoping that the order book build up should happen over the next quarter or so, he further mentioned.
For full interview, watch accompanying video...
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