Expect to repay debt of Rs 26 crore, says IOL Chemicals
We expect to repay the debt of Rs 26 crore, said Vijay Garg, joint Managing Director, IOL Chemicals and Pharmaceuticals.
"Around Rs 26 crore is our repayment which is scheduled for this year. So debt will definitely not increase," said Garg to CNBC-TV18.
IOL Chemicals and Pharmaceuticals is in focus after reporting a strong set of numbers this quarter.
Garg said the company next year will be adding few quantities in the chemical and pharmaceutical segment and we are confident that we will be able to add another 30%.
“This year, we have done 29.46% in topline. Next year, it will be around 30-40%,” he added.
He further said that bottomline will increase this year as we will be signing new contracts with all our customers to whom we have supplied material last year.
First Published: May 18, 2018 4:54 PM IST
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