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“Increase in the overhead expenses led to fall in margins. We were not able to pass on the hike to customers in this quarter on back of challenging environment,†told Surendra S Shetty, CFO at Siyaram Silk Mills in an exclusive interview to moneycontrol.com
India Inc will kick start the fourth quarter of earnings season with IT bellwether Infosys announcing the numbers on April 15. Moneycontrol rewinds the earnings season and analyses how India Inc performed in third quarter. The earnings season was a mixed bag for in third quarter of the financial year 2012.
Prabhudas Lilladher has come out with its earning estimates on Siyaram Silk for the quarter ended March 2011. According to the research firm, its March quarter sales are expected to go up by 20.1% at Rs 226.5 crore, year-on-year, (YoY) basis.