Vinati Organics expects 30-35% volume growth for FY20
Vinati Organics is expecting 30-35 percent volume growth for financial year 2020, Vinati Saraf Mutreja, ED of the company, said after the firm posted a good set of earnings in the third quarter.
Saraf said that the company expects 30 percent volume growth for isobutyl benzene (IBB) in FY20.
“We will start our new project which will be up on-stream by June. So overall volume growth for FY20 compared to FY19 should be about 30-35 percent,” he said.
“Most of our sales are based on formula based contract pricing; so as input prices move up and down, our end products also moves. So margin is unaffected by input pricing. Yes, of course crude has come down in the last couple of quarters and input prices have come down and that maybe one reason for slightly higher margins in Q3 but even in the long run this is what one can expect to see going forward,” he added.
First Published: Jan 31, 2019 2:12 PM IST
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