Filatex India's net profit for the third quarter was up 13.2 percent at Rs 16.3 crore versus Rs 14.4 crore year-on-year. The YoY revenues were up 48 percent but EBITDA margins were down at 5.3 percent versus 7.4 percent YoY.
Sharing his views and outlook, Madhu Sudhan Bhageria, vice chairman and managing director, Filatex India said the pressure on the margins was on account of lower crude prices in Q3, which created pressure on the sales. However, the margins will improve in Q4, he said.
For FY19, the topline would be around Rs 2,900 crore and overall margins would be around 8 percent plus, said Bhageria.
Yarn prices are quite stable and margins for the same are also on an improving trend, he said. Capacity utilisation levels of yarn is over 90 percent, he said, adding that the company would be adding capacity of 62,000 tonnes in the next year.