In an interview to CNBC-TV18, Vikram Udeshi, CFO of Jayant Agro-Organics spoke about the results and his outlook for the company.
Jayant Agro, the company dealing in organic chemicals has been a big mover in 2016 with the stock moving up by more than 150 percent. Speaking to CNBC-TV18, Vikram Udeshi, CFO of the company says that Jayant Agro may see a 10 to 15
Speaking to CNBC-TV18, Vikram Udeshi of Jayant Agro said that the growth and margins momentum is expected to continue in next quarter. The company has buffer castor stock which will suffice till the new crop comes in January-February.
The company's value added business is continuing to grow, says Udeshi. But with delayed rains in the castor growing regions of Gujarat, the commodity business could take a hit. But he reassures that late rains will not harm the crop in any way.
The company‘s efforts to reduce costs, debt and projects coming on stream led to improvement in margins in fourth quarter, said Vikram Udeshi, CFO, Jayant Agro-Organics.
Prices of the finished goods came down in line with decline in commodity prices, which will further help the company sustain demand for its products, says Vikram Udeshi, CFO of Jayant Agro Organics.
Vikram Udeshi, the CFO of Jayant Agro Organics, in an interview on CNBC-TV18, spoke about the latest happenings in his company and his sector.