V-Guard managing director Mithun K Chittilappilly talks to NDTV about the company's fourth quarter earnings. Profit was down 2.44 per cent at Rs 20 crore in Q4 while margins were at 8.35 per cent vs. 8.7 per cent in the previous quarter. The management had earlier guided for an EBITDA margin of 8 per cent for FY15 and did not manage to meet the guidance. EBITDA margin for FY15 was 7.88 per cent, but the company is hoping to maintain the margin at 8 per cent for FY16, he says.
