Capex guidance for FY'12 cut down to Rs 300 cr on poor demand: Concor
Anil K Gupta, MD of Concor Ltd spoke to NDTV Profit about its Q3 results, which saw a 7.7 per cent rise in sales and a 5.2 per cent rise in profit after tax at Rs 241.2 crore on year on year basis. The company's EBIDTA margins too declined to 26.5 per cent from 28.9 per cent on YoY basis. It has further cut is FY'12 capex guidance to Rs 300 crore from Rs 700 crore due to subdued demand.
