MANISH KIRI, MD, Kiri Industries
Managing Director Manish Kiri, on how the company expects to be back in black this year
The Kiri Industries stock zoomed up 11 per cent after it announced a debt reduction plan. Speaking to Bloomberg TV India, Kiri Industries Managing Director Manish Kiri said the company is set to reduce debt and post better earnings in FY17. A rise in dye prices due to a closedown of the worlds largest dye maker in China will help Kiri improve profit margins in FY17, he said.
What is the total debt on your books? What is the debt arrangement that you have got? And what is the plan from here on?
The total debt on the books was around 852 crore by closing of 2015. By end of March 2016, we reduced it to 410…
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