homevideos Newseconomy NewsMaharashtra Seamless expects around 20% growth in both revenues and volumes
videos | May 30, 2018 2:16 PM IST

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.

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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.
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