Madhu Sudhan Bhageria, Vice Chairman & Managing Director of the company expects Q4 to be better than Q3. “Q3 was not that good because of demonetisation, the demand had gone down. However, Q4 will be much better than Q3 or Q2â€, he said.
The company is in the process of setting up texturising machines that will boost its first quarter revenues for FY17 from Rs 350 crore in Q4 FY16, says Madhu Sudhan Bhageria, VC & MD of Filatex India.