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After a disappointing first quarter due to weak exports show, Good Luck Steel Tubes expects export performance to revive with Rs 320 crore of revenue expected from the segment this fiscal, says Chairman and Managing Director MC Garg.
The company reported a flat net profit at Rs 7 crore for the fourth quarter and marginal growth in total income to Rs 236 crore from Rs 235.6 crore quarter-on-quarter. Muted exports weighed on the turnover in the fourth quarter of FY16, said MC Garg, Chairman & Managing Director of Goodluck Steel Tubes.
In an interview to CNBC-TV18, Ram Agarwal, CEO of Good Luck Steel Tubes spoke about their Q1 numbers.
Good Luck Steel Tube posted healthy Q4 earnings and the company expects to perform better with new capacity, better product mix and new product launches going forward.
Ram Agarwal, CEO, Goodluck Steel Tubes says the company will continue to concentrate on value-added products