Iron ore is released onto a freighter. (Photographer: Dado Galdieri/Bloomberg)

Sandur Manganese & Iron Ores Expects To Maintain Margins At 30% Till March

Sandur Manganese & Iron Ores Ltd. expects to maintain its operating margins at 30 percent that it posted in the September quarter, its Managing Director Nazim Sheikh said. That compares with 14 percent posted during in the year-ago period.

The company posted its solid performance in the previous quarter, driven by production ramp up, price increase of silico-manganese, manganese ore and iron ore, Sheikh told BloombergQuint in an interview.

He expects the company’s net profit to be around Rs 90 crore for the current financial year.

Watch the interview here: