We expect 15% topline growth in FY19, said Devesh Bansal, Director, Skipper Ltd, in an interview to CNBC-TV18.

Skipper reported a weak fourth quarter with a miss on the topline but better margins due to inventory.

Bansal is very upbeat on the growth prospects of the company and expect revenues to the tune of Rs 2,350 crore for FY19.

“On engineering products make up 85% of the topline and we are definitely very bullish of 15% growth this year,” said Bansal, adding that, company is confident of the polymer business also doing well in FY19, which was muted in FY18 at around 5-7%.

Our aim aim is to balance profitability with growth, said Bansal.

With regards to debt, he said the debt equity has reduced to .78 from .83 this year and expect to reduce it further. The long-term debt has remained flat but the short-term debt has increased because of operations, he added.

The year-on-year (YoY) revenues were down 3% at Rs 593 crore against Rs 610 crore, while earnings before interest, taxes, depreciation, and amortization (EBITDA) was up at Rs 109 crore against Rs 100 crore YoY and margins were up 18.4% against 16.4%.

First Published:May 18, 2018 1:49 PM IST