Top 8 Questions With : RVA Narasimha Rao, CFO, Deccan Cement
Updated on: 16 Jun 2016
In a major balance sheet repair exercise, Deccan Cement has brought down its debt to Rs 24 crore from Rs 133 crore last year March, said RVA Narasimha Rao, CFO of the company.
Recently, CRISIL has upgraded the company's ratings in May. This was followed by ICRA.
In an interview to CNBC-TV18, he said he does not expect a significant jump in the company's turnover form last fiscal year's figure of Rs 580 crore. Also, he expects to maintain EBITDA margins at 20 percent, Rao added.
Below is the transcript of RVA Narasimha Rao's interview with Sonia Shenoy and Latha Venkatesh.
Latha: What improved? Is it that your sales growth has improved? Is it that your debt has come down?
A: The debt has come down and the sales growth also is there. However, if you have noticed, there is an upgrade given by Crisil in the first week of May. It is just that, I can say, ICRA has followed Crisil's ratings. As you know that once a rating is given, a rating agency will not be withdrawing the ratings.
Sonia: You told us that the debt has come down. What is it currently and how much has it come down by?