Hiranand Savlani, CFO, Astral Poly Technik believes double digit growth number will be maintained for the next two-three years.

“On the country level, we are expecting 14-15 percent kind of growth. We are quite confident that we will be delivering more than 15 percent next year,” he said in an interview with CNBC-TV18.

The last quarter was robust, the highest in the industry, he said.

“Now onwards also trajectory will continue for the higher growth. January was excellent, we did about 30 percent plus on a consolidated basis. We believe this run rate should continue in the coming months and coming quarter,” he said.

According to him, the fund allocation from the government in the Union Budget 2021 is unbelievable, he said.

“We are consistently growing in double digits for pipe business. We are not directly dealing with the government. We sell it to our distributors and then distributors sell it to the panchayat and government. Low cost housing and even the Nal-Se-Jal is all supporting the real estate growth. We are of the view that pipe side, double digit growth should not be a problem,” he mentioned.

He believes the infrastructure sector will start picking up from the next year. “That sector will also give us a good growth,” he added.

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(Edited by : Ajay Vaishnav)

First Published:Feb 4, 2021 10:59 AM IST