Key highlights

The company has sold 99905 MT of plastic goods a volume growth of 8% for the June 18 quarter on YoY basis.

The company has transferred its Khushkhera unit engaged in plastic automotive components to JV where the company will have 20.67% stake. Profit on the transfer if Rs 56 crore which is shown as EO income for June 18 quarter. The company never got 13-14% ROC in Khushkhera unit and decided to hive off the unit into a JV and operate separately.

32.7% value added product sale in June 18 quarter as compared to 32% YoY.

Rs 206 crore total borrowing as on June 18 as compared to Rs 248 crore on Mar 18. Average cost of borrowing stands at around 6.8%.

Polymer prices remain affordable.

Volatility of crude oil prices have resulted in some business uncertainty. However domestic market looks healthy.

Expects all business segments to grow.

No inventory gain in the quarter

Doesn't expect polymer prices to harden further

Expects 10-12% volume growth for FY 19.

Rs 5500-5600 crore net sales for FY 19.

Expects 15.5-16% OPM for FY 19.

Company's business is very much dependent on agri sector, construction activities and other industrial pick up.

Housing demand is coming back. Big push of affordable housing will also lead to higher demand from construction industry which is good for the company.

All the capex plan is progressing well.

Company expects some sale of property income in H2 FY 19.

Exports should also see an increase.