Fertiliser maker Zuari Industries reported a dismal performance in Q4FY12 with a net loss of Rs 4.37 crore. The company had recently demerged its fertiliser business into a separate entity called Zuari Holdings.
Suresh Krishnan, managing director of Zuari Industries said they expect one time positive impact of Rs 25-27 crore from this proposal. "The company had Rs 440 crore worth pending bonds," he told CNBC-TV18.
The managing director of Zuari Industries Suresh Krishnan spoke to CNBC-TV18 about the company’s recent demerger plans. He also elaborated on the fertilizer space as well as what he expects to do in terms of growth for FY12.
The fertilizer manufacturing company sees its FY11 volumes at 2.1 million tonne, while Krishnan says, "the FY12 volumes are expected to grow at 10%."