homevideos Newsearnings NewsExpect growth and margins to sustain for next two quarters: IOL Chemicals
Expect growth and margins to sustain for next two quarters: IOL Chemicals
Vijay Garg, Joint Managing Director at IOL Chemicals and Pharmaceuticals spoke to CNBC-TV18 about the company’s second quarter numbers.
Vijay Garg, Joint Managing Director at IOL Chemicals and Pharmaceuticals spoke to CNBC-TV18 about the company’s second-quarter numbers.
Year-on-year, (YoY) profits are up 44 percent, and margins are up 240 basis points.
“We are quite sure that these numbers will sustain in Q3 and Q4. The growth is coming from the operations, post-COVID all our sales are picking up.”
“Our chemical segment from the previous quarter we have grown by 25 percent in this quarter, which we are confident that we will be achieving the same. This will give us 15-20 growth in revenues as well.
Operating margins were at 32 percent, when asked whether it was sustainable Garg said, “It is sustainable because prices which we are getting from the market are really good so margins are increasing on quarter to quarter basis. Margins which we have achieved are quite sustainable.”
To know more about the company's Q2 performance, watch the video.
(Edited by : Santosh Nair)
First Published: Nov 10, 2020 1:52 PM IST
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