In an interview to CNBC-TV18, MP Taparia, Chairman of Supreme Petrochem spoke about the results and his outlook for the company.
Supreme Petrochem reported a 6 percent fall in revenue to Rs 681 crore as against Rs 722 crore year-on-year in the second quarter of FY17. Profit after tax (PAT) rose marginally to Rs 28 crore in the quarter gone-by.
Stable raw material prices and 30 percent jump in sales volume in fourth quarter helped boost EBITDA margins of company, says Rakesh Nayyar, ED of Supreme Petrochem.
Watch the interview of Rakesh Nayyar, ED at Supreme Petrochem with Latha Venkatesh and Sonia Shenoy on CNBC-TV18 where he spoke about his Q3 numbers and the company‘s way going forward.
“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.
In an interview to moneycontrol.com, Supreme Petrochem's chairman MP Taparia said, “Demand for consumer durables is seen growing in semi urban and rural areas. This trend has given us hope of atleast 15 percent growth in current financial year.â€