Container Corp of India Ltd sees a dip in operating margins to 30 percent in 2007/08, from 31 percent a year ago on increasing competition, its managing director said.
"We can't expect to be working on high profitability margins when there are so many players where we have to compete on in terms of market pricing dynamics," Rakesh Mehrotra told Reuters in an interview.
Revenue growth will slow down to 15 percent over 2006/07, from the 25 percent growth seen a year ago, on flat tariffs, he said. In 2006/07, the firm posted revenue of 31.14 billion rupees.
"We can't expect to be working on high profitability margins when there are so many players where we have to compete on in terms of market pricing dynamics," Rakesh Mehrotra told Reuters in an interview.
Revenue growth will slow down to 15 percent over 2006/07, from the 25 percent growth seen a year ago, on flat tariffs, he said. In 2006/07, the firm posted revenue of 31.14 billion rupees.