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In order to play the water infrastructure theme, Tata Metaliks is one of the preferred stocks though its December quarter results may witness some pressure
Tata Metaliks has followed up a weak Q1 with strong numbers this time around. Topline has expanded nearly 40 percent and profits are up 55 percent. Lower other expenses too have boosted earnings.
Tata Metaliks is in focus on the back of weak Q1 results. In an interview to CNBC-TV18, Sandeep Kumar, MD of the company spoke about the results and gave his outlook for the company.
Sanjiv Paul, MD, Tata Metaliks said spike in coal and coke prices, comprising 55 percent of the total costs, combined with demonetisation impacted the numbers negatively.
Sanjiv Paul, MD of Tata Metaliks says that lack of structural changes, like new projects, is dragging the demand.
In an interview with CNBC-TV18, Sanjiv Paul, managing director of Tata Metaliks said low raw material prices and government policy initiatives are needed to ensure better margin growth.
In an interview to CNBC-TV18, Sanjiv Paul, MD of Tata Metaliks spoke about company's Q4 earnings with Ekta Batra and Anuj Singhal.
"There has been a substantial improvement in the ductile business. There is considerable efficiency improvements that we have brought in with respect to cost," Sanjiv Paul, MD, Tata Metaliks said.
In an interview with CNBC-TV18, Subhra Sen Gupta, chief financial officer of Tata Metaliks, spoke about the company's results and the road ahead.