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May 17, 2018 11:52 AM | Infrastructure

Expect benzene caprolactum spreads around $1200 per tonne in Q1FY19, says GSFC

GSFC reported a strong set of fourth quarter earnings as revenue growth was driven by fertilizer segment while higher caprolactam spreads led to margin growth. The revenues were up 33.2 percent and EBITDA was up 98 percent in fourth quarter over the same quarter last fiscal.

VD Nanavaty, CFO, GSFC in an interview shared the details of the Q4 performance and the projections for the coming quarters.

According to him, the benzene caprolactam spreads which have been around $1100 per tonne would be around $1200 per tonne in Q1FY19.

The debt went up because of the commissioning of new melamine plant, he said. At end of March, the long-term debt stood at Rs 200 crore, and some more debt for working capital requirements, said Nanavaty.
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