SN Modani, MD, Sangam India in an interview to CNBC-TV18 spoke about the company‘s fourth quarter performances and the outlook going forward. He said growth was seen across all divisions.
In an interview to CNBC-TV18, SN Modani, MD of Sangam India spoke about the results and his outlook for the company.
SN Modani, MD of Sangam India says the company will cross Rs 400 crore in exports in FY17 as it has been receiving export orders for readymade garments from Latin America, Europe and South-East Asia.
LL Soni, Joint President of Finance & Corporate Relations at Sangam India says exports are likely to contribute 30 percent to revenue this year.
Textile company Sangam India Limited posted a net profit of Rs 17.2 crore with a total income of Rs 366.6 crore.
The board of Sangam India has given a nod for Rs 120-crore expansion plan for foraying into garment business.
According to SN Modani, there maybe further promoter buying for Sangam (India) as the stock is under-valued and the company will use this opportunity to consolidate its stake through creeping.
In an interview with CNBC-TV18, SN Modani, MD, Sangam India, spoke about the results and his outlook for the company.