Supreme Industries reported a weak quarter. In an interview with CNBC-TV18, MP Taparia, MD of the company discussed the company's Q3 performance.
Supreme Industries reported a weak quarter. In an interview to CNBC-TV18, MP Taparia, Managing Director of the company spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, MP Taparia, MD of Supreme Industries spoke about the results and his outlook for the company.
Supreme Industries, India's largest plastic processing company has been the biggest beneficiary of lower crude prices, which helped margin improvement as well as capacity utilisation in a big way is the word coming in from MP Taparia, MD, Supreme Industries.
Speaking to CNBCTV-18, MP Taparia, MD of Supreme Industries said that he expects the margins to be around 14 percent for the whole year.
MP Taparia, MD,Supreme Industries said the company plans to develop new products in the cross-laminated film division.
The company‘s consolidated net profit stood at Rs 25.1 crore versus Rs 43 crore (YoY).
Supreme Industries is confident of reducing its debt by around Rs 150 crore by December-end, MD MP Taparia said.
“Supreme Industries may clock revenues of Rs 3900 crore in FY14. Operating margins are likely to be in the range of 14 to 15 percent,†said M P Taparia, managing director at Supreme Industries in an exclusive interview to moneycontrol.com.
Supreme Industries Chairman MP Taparia tells CNBC-TV18 that higher monetary costs along with low growth in this division have resulted in the company lowering its guidance, keeping it close to Rs 350-375 crore.
In an interview to CNBC-TV18, MP Taparia, chairman of Supreme Industries said, the company expects FY12 turnover to be above Rs 2,800 crore.
MP Taparia the chairman of Supreme Industries, in an interview with CNBC-TV18’s Sonia Shenoy, gave his perspective of the third quarter performance and divulged future plans.