Sportking India · tone and specificity signals across the available quarters.
Language signals
I think these are one of the worst times for textile industry in spinning industry per se with a lot of headwinds we are facing from internally and externally... In spite of all this we are doing pretty well as we are maintaining double digit profitability for last so many quarters and we are working at almost fully utilized.
We are expecting a revenue of around 1,000 to 1,200 crores from this new expansion... We are very optimistic about this and we are a conservative company. We took a lot of thought over last one year and then we went forward with this and we are pretty confident that this will help us in improving the overall EBITDA of our company by at least 200 to 300 basis points.
The demand from Bangladesh continues to be good. The land route is still not working... We expect once the elections happened and the permanent government comes, we expect because even before it had happened and it took about one year for it to open so we expect it to open finally but I think it might take 6 to 8 months for that.
This deal is a game-changer for Indian textile industry and we believe it's very positive for the sector for years to come. We thank the government of India for finally giving us a level playing field in the biggest textile delivering block in the world.
The merger will be completed by the end of this quarter and our vision is to be a predominantly government house in next 5 to 10 years. This is just to give us leverage and knowhow that we are acquiring these units and we're going to scale them up.
The recent uptick we have seen in demand is a lot to do with the consolidation which has already happened in last two three years. We are seeing much more consolidation happening in the sector and going forward a lot more happening.