Sharda Cropchem expects better revenue this year

Date:08-02-2017

Sharda Cropchem posted a subdued set of earnings in Q1 as margins continue to remain volatile with a 400 bps fall this quarter.

In an interview, RV Bubna, CMD of Sharda Cropchem spoke about the results and gave his outlook for the company.

"There is a pressure on the margins. The prices in China increased and demand in Europe and Latin America got subdued," said Bubna.

Speaking about overseas business, he said weather issues in Europe are short-term problems and a few of registrations in Europe got expired.

He expects revenue to be better than last year.