In an interview to CNBC-TV18, OP Lohia, CMD of Indo Rama Synthetics spoke about the results and his outlook for the company.
The Indo Rama Synthetics' margins have seen a decline in FY16. This was mainly due to the rise in the price of raw materials.
OP Lohia, CMD, Indo Rama Synthetics India, says fall in crude prices helped the company post profit in the fourth quarter as raw material‘s for the business are derived from crude oil.
In an interview to CNBC-TV18, OP Lohia, chairman and managing director of Indo Rama Synthetics India sees the demand getting better ahead. “Also, the margin will be better,” he adds.