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Revenues will grow by 10% in FY19, says LG Balakrishnan and Brothers

Updated : April 30, 2018 01:57:08 IST

After LG Balakrishnan and Brothers Ltd reported a strong set of Q4 numbers, B Vijayakumar, Managing Director of the company spoke to CNBC-TV18, says revenues will grow by 10% in FY19 and turnover should touch about Rs 1,500 crore on standalone basis.

Talking about capacity, he said, “We have done a turnover of about Rs 200 crore in Jalna which is about 80% efficiency. We are now putting up a plant in Chennai and the investment there will be about Rs 100 crore."

Expecting Chennai plant to commence production from Q4FY19, he said that company expects Rs 100 crore of revenue in FY19 and Rs 150 crore in FY20 from the Chennai plant.

Vijayakumar said that company will take additional debt of Rs 50 crore for funding capex and the current debt stands at Rs 160 crore.
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