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Ester Industries delivered a net profit after 8 quarters. In an interview with CNBC-TV18, Arvind Singhania, Chairman of the company discussed this and their business outlook.
Riding on the speciality polymers business growth, Arvind Singhania, chairman of Ester Industries, expects the company to do better in the months to come.
In an interview with CNBC-TV18, Arvind Singhania, Chairman, Ester Industries said that the company plans to spend 2-3 percent of total turnover on R&D in the future.
In an interview with CNBC-TV18, Arvind Singhania, CMD, Ester Industries says, the company had a very strong FY11. He further says, the margins will come under pressure in FY12.
Ester Industries came out with its Q3 results of FY11. The company has reported a sales turnover of Rs 198.32 crore and net profit of Rs 54.81 crore for the quarter ended Dec '10. For the quarter ended Dec 2009, the sales turnover was Rs 96.52 crore and net profit was Rs 5.81 crore.