Indo Rama Synthetics (India) has risen 68 percent in last 3 months and today also is up 17 percent. In an interview with CNBC-TV18, OP Lohia, CMD of the company spoke about the latest happenings in his company and sector.
In an interview to CNBC-TV18, OP Lohia, CMD of Indo Rama Synthetics spoke about the results and his outlook for the company.
The Indo Rama Synthetics' margins have seen a decline in FY16. This was mainly due to the rise in the price of raw materials.
OP Lohia, CMD, Indo Rama Synthetics India, says fall in crude prices helped the company post profit in the fourth quarter as raw material‘s for the business are derived from crude oil.
In an interview to CNBC-TV18, OP Lohia, chairman and managing director of Indo Rama Synthetics India sees the demand getting better ahead. “Also, the margin will be better,” he adds.
Vishal Lohia, ED of the company, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, gave his perspective of the fourth quarter performance and divulged future plans.