Homeearnings News

    Expect margins to improve over next few quarters, says GMM Pfaudler

    earnings | IST

    Expect margins to improve over next few quarters, says GMM Pfaudler

    Mini

    Tarak Patel, MD GMM Pfaudler spoke to CNBC-TV18 about the company's second quarter earnings.

    Tarak Patel, MD GMM Pfaudler spoke to CNBC-TV18 about the company's second quarter earnings.
    “I believe there is a good chance of improvement in margins,” he said. He believes that some of the other initiatives that the company is taking in terms of the export business, spare part businesses will help expand margins.
    The company had about Rs 350 crore order backlog at the end of Q2. “All in all, the order booking both for India and for international business remains very strong,” he said.
    Speaking about proprietary products segment, he said, “We have changed our strategy a little bit.
    The order book remains very strong in this segment. We are pretty much fully booked in this segment. Going forward we believe that this segment will also grow at a fast pace.”
    Watch video for more
    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!
    next story

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng