In an interview with CNBC-TV18, N Prasad, Executive Director & CFO of NCL Industries spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, K Ravi, MD of NCL Industries spoke about the latest happenings in his company; debt levels post qualified institutional placement (QIP), current borrowing costs and sales volume target for FY19.
The company crossed about 1.5 million tonnes (mt) of cement in FY17, K Ravi, MD of NCL Industries told CNBC-TV18. He expects to touch 2 mt of cement sales volume in FY18.
There has been steady increase in demand, says K Ravi, MD of NCL Industries. A further increase in prices is likely in the near-term, he adds.
Pune based National Chemical Laboratory (NCL) reported three-fold jump in net profit at Rs 18.83 crore for the quarter ended December 2016 (Q3FY17), on back of strong realization. Company‘s chief NGVSG Prasad said better realisations as well as better volumes have given the company good results.
Impact of demonetisation has been negligible, says K Ravi, MD of NCL Industries.
Lower capacity utilisation on a quarter on quarter (QoQ) basis affected the performance of the company for Q1 of FY17. "In April and May, the prices were under pressure and from June onwards prices have started recovering and they are stable now", NGVSG Prasad, ED & CFO of NCL Industries said.
K Ravi, Managing Director, NCL Industries says cement prices are very encouraging and the company plans to expand its cement business.
The company touched 98 percent capacity utilisation levels in March aided by various irrigation and concrete road projects undertaken by the government in Telangana, says K Ravi, MD of NCL Industries
K Ravi, MD of NCL Industries, says the Telangana government is doing quite a bit for housing, infra, etc., which will boost prices, though at the moment prices haven't inched up much in the region
The additional cess is likely to hit the company‘s operating profits by more than 5-6 percent said K Ravi, MD, NCL Industries.
Chennai floods impacted the Q3 earnings, says K Ravi, MD, NCL Industries. The company reported a fall in profit after tax (PAT) to 6.1 percent to Rs 616.86 crore against Rs 1,514.72 crore year-on-year.
In an interview with CNBC-TV18, NCL‘s Managing Director, K Ravi says that demand for cement in southern India, especially Karnataka and Tamil Nadu, is steadily increasing.
In an interview with CNBC-TV18, K Ravi, MD of NCL Industries spoke on the joint venture and the road ahead for the company.