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In an interview to CNBC-TV18, Puneet Khurana, Director of Everest Kanto Cylinder spoke about the results and his outlook for the company.
Kotak Securities has come with its March quarterly earning estimates for capital goods sector. The research firm expects aggregate revenue growth of capital goods sector to be 6.7% YoY in the Mar-ending quarter, driven mainly by L&T, Cummins, and other midcaps and aggregate PAT is expected to post modest growth of 2.7% yoy in Q4 FY13.
Kotak Securities has come with its December quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to post aggregate revenue growth of 10.4% YoY in the Dec-ending quarter, driven mainly by L&T, Cummins, and other midcaps.
Everest Kanto have been reporting losses over the past few quarters and Prem Khurana, CMD of the company blames OEMs for its low growth in the Indian market.
In an interview with CNBC-TV18, Prem Khurana, CMD, Everest Kanto Cylinder Limited attributed the drop in sales to 30% fall in the UAE business. At present, the company is coping with a high loan burden of Rs 450 crore and it is looking to repay USD 30 million this year.
Prem Khurana, chairman and managing director of Everest Kanto says, there was an impact in the Middle East market. "We are sure our Middle East sales will improve in the short run,” he adds.
Speaking to CNBC-TV18 in an exclusive interview, Prem Khurana, CMD of Everest Kanto Cylinders, says that net sales shot up over 54% for the company that buoyed up profits.
In an interview with CNBC-TV18, Prem Khurana, chairman and managing director of Everest Kanto Cylinder, spoke about the company’s fourth quarter performance and the road ahead.
PINC Research has come out with its earning estimates on engineering sector for the quarter ended March 2011. According to the research firm, Everest Kanto March quarter sales are expected to go up by 17% at Rs 213.3 crore, Year-on- Year, (YoY) basis.
In an interview with CNBC-TV18, Prem Khurana, CMD, Everest Kanto, spoke about the results and his outlook for the company.