In an interview to CNBC-TV18, Udit Todi, Senior VP of Lux Industries spoke about the results and his outlook for the company.
Lux Industries is a stock on radar after the company posted a rather weak set of Q2 results. The revenue has fallen but margins have remained stable owing to lower raw material costs.
Lux Industries was buzzing in trade on Wednesday on back of news that Reliance MF had bought four lakh shares in the company.
In an interview to CNBC-TV18, Saket Todi, Senior Vice President of Lux Industries spoke about the results and his outlook for the company.
In conversation with CNBC-TV18, Udit Todi, Senior Vice President of Lux Industries, said the second quarter has been tremendous with the company achieving 45 percent growth in the bottomline. He said this has been mainly accrued by earnings before interest, taxes, depreciation and amortization (EBITDA) margin.
In an interview to CNBC-TV18, Sajjan Kedia, VP-Finance & Corporate Compliances at Lux Industries said Dankuni, West Bengal plant should be operational by September-end or first week of October.
The company aims for a turnover of over 10 percent in FY17 and an addition of Rs 350 crore to the topline growth over 1-2 years, says Saket Todi, the VP of Lux Industries in an interview to CNBC-TV18.
In an interview to CNBC-TV18, Ajay Patodia, CFO of Lux Industries spoke about the results and his outlook for the company.
Ajay Patodia, CFO of Lux Industries says the company's margins will expand from the current eight percent and it will soon start reducing its debt.