Shriram EPC has been a big buzzer of late, up 9 percent yesterday and a whopping 27 percent this month already. The company turned profitable in Q2 with a big reduction in the finance cost.
In an interview to CNBC-TV18, T Shivaraman, MD & CEO of the company spoke about the latest happenings in the company and gave his outlook for the future.
We have a strong order book of Rs 3,000 crore, so we are positive about revenues for this year and next year, said Shivaraman.
We also see a stronger pipeline going ahead, he added.
He further said that we are confident that FY18 will be significantly better than previous years.
Talking about debt, he said we converted debt into equity which led to fall in finance costs. However, we don’t expect finance cost to fall further. We are working at increasing topline, he added.
We are working to double the revenue in FY18 as compared to FY17, added Shivaraman.Watch accompanying video for more details.