homevideos Newseconomy NewsMaharashtra Seamless expects around 20% growth in both revenues and volumes
Maharashtra Seamless expects around 20% growth in both revenues and volumes
The company expects 20% growth in both revenues and volumes in FY19, said Ashok Soni, CFO, Maharashtra Seamless.
The order book and demand is quite robust, he said, adding that the current order book for the company is more than Rs 950 crore and 50% of that is from ONGC.
The anti-dumping duty and steel policy has helped the company, said Soni.
The margins in Q4 were good on back of cost cutting exercises and addition of value products.
The liquidity position of the company is also good with Rs 600 crore cash on hand. The interest cost seen in the earnings is on account of some borrowing by subsidiaries but standalone the amount is very marginal, he added.
First Published: May 30, 2018 2:16 PM IST
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
BJP replaces Poonam Mahajan with lawyer Ujjwal Nikam for Mumbai North Central Lok Sabha seat
Apr 27, 2024 7:53 PM
Meet Amritpal Singh, the separatist leader contesting Lok Sabha polls from Punjab's Khadoor Sahib
Apr 27, 2024 7:18 PM