“Quarter 3 has been very exciting for us, where our net sales has achieved double digit growth of 22 per cent with Rs.1087.48 crore as compared to Rs.888.66 crore in the same quarter last year. While strengthening our distribution network further and concentrating in expanding retail segment, our target is to achieve an overall growth of 20 per cent this financial year. Continuously meeting the industry demand, our first phase of LT power cable has been completed in Pathredi and second phase of HT power cable expansion will be completed by February-March 2019. We are also expanding our house wire business and thus bought a piece of land in Silvassa, which will add more to the business. The overall performance of the company is in line with our goals for this year.”
(Anil Gupta is commenting on the company’s financial results of the third quarter (October to December) of FY19)