In an interview to CNBC-TV18, MP Taparia, MD of Supreme Industries spoke about the results and his outlook for the company.
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.
Supreme Industries is confident of reducing its debt by around Rs 150 crore by December-end, MD MP Taparia said.
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€
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.