In an interview to CNBC-TV18, Ajith Rai, CMD of Suprajit Engineering spoke about the latest happenings in the company.
Expect domestic business to be around 55 percent and international around 45 percent in FY18, said Ajith Rai, CMD, Suprajit Engineering.
The consolidated sales of both Suprajit and Phoenix for FY17 is likely to be over Rs 1,100 crore and the deal will be a win-win for both companies, says Suprajit Engg, CMD, Ajith Rai.
Ajith Rai, CMD, Suprajit Engineering says exposure to euro will benefit the company as significant part of its overseas business is in Europe but will not affect much as core of its business is still Indian automotive.
In an interview with CNBC-TV18, Ajith Rai, CMD, Suprajit Engineering said that it is aiming for growth in its automotive control cables business with utilisation of new plants.
Ajith Rai of Suprajit Engineering says while Q3 hasn‘t been as good as H1, he expects the company to outperform industry by atleast 5-10 percent in FY15.
Ajith Rai of Suprajit Engineering believes the company has done extremely well in Q3 and will continue to do so in Q4, given the trend in exports, in after market sales and the non-automotive segment.
Suprajit Engineering is positive on meeting its annual guidance of beating the industry margins by 5-10 percent. It sees Q2 growth to be around 15 percent against the industry's growth of around 2-3 percent.