"The numbers are in-line with the guidance that we gave and are seeing a good growth. The EBITDA margins are what we promised to be 18 percent. Profit after tax (PAT) has also improved," says Ashok Goel, MD & vice chairman of the company in an interview to CNBC-TV18.
The Indian rupee has hit a fresh two-year low as it fell to 48 against the dollar in early deals on Wednesday. In an interview to CNBC-TV18, R Chandrasekar, president, Essel Propack spoke about the impact of rupee's decline on Indian companies.
R Chandrasekar, President of Essel Propack joins CNBC-TV18 to discuss what the tie-up of the company, to provide packaging material to Colgate, means in terms of revenues and the plans ahead for the company.
According to Ashok Goel, vice chairman and managing director of Essel Propack, "RPLL, REL are perennially sick companies, and the merger will assure the companies get oxygen to survive. Also, this will add 160 million tubes capacity, which ensures that Essel Propack is on growth path."
Ashok Goel, VC and MD of Essel Propack, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, spoke about the recent happenings in his company and the road ahead.
R Chandrasekar, President of Essel Propack, in an interview with CNBC-TV18’s Latha Venkatesh and Gautam Broker, spoke about the overseas operations in Egypt which faced problems due to the civil disturbances.
In an interview with CNBC-TV18, Ashok Goel, VC and MD of Essel Propack said,"We would be seeking price increase in the range of about 3% - 3.5% from our customers."