Tarak Patel, MD GMM Pfaudler spoke to CNBC-TV18 about the company's second quarter earnings.

“I believe there is a good chance of improvement in margins,” he said. He believes that some of the other initiatives that the company is taking in terms of the export business, spare part businesses will help expand margins.

The company had about Rs 350 crore order backlog at the end of Q2. “All in all, the order booking both for India and for international business remains very strong,” he said.

Speaking about proprietary products segment, he said, “We have changed our strategy a little bit.

The order book remains very strong in this segment. We are pretty much fully booked in this segment. Going forward we believe that this segment will also grow at a fast pace.”

Watch video for more