Repro India recorded a 30% growth in revenue and profitability for FY11. Mukesh Dhruve, director and CFO, tells CNBC-TV18 that there has been equitable growth in domestic businesses as well as exports that led to the great yearly numbers. “India focus is on the education sector which is on a fast track to growth,” he says. With enough cash on books, the expansion plans of the company are right in place, he informs. He expects the company to maintain its momentum, going forward.Below is the verbatim transcript. Also watch the accompanying video
Q: 30% run rate that you have seen in your revenue and profitability for FY11, is that sustainable, how would FY12 look for you all?
A: There has been a 30% growth in revenues year over year which has grown to Rs 260 crore. More importantly, there is a 30% growth in PAT which has grown from Rs 17.5 crore to almost Rs 23 crore. Another important aspect is, we have cash on books today of more than Rs 50 crore. Our expansion plan for the current quarter is almost into place. Our capacities are going to increase in both our plants, Bombay as well as SEZ in Surat. As a result, we have declared a 100% growth in the dividends. What was 30% last year, has now come to 60% in the current year. Important aspect is both the businesses in India as well as our exports have grown substantially and we expect the same level of growth happening in the current year. As of now, for the current quarter, we open with an order book of almost about Rs 45 crore.
Also read: Everonn expects subsidiaries to be in black in FY12
Q: Just a quick question in terms of your capacity expansion, what sort of demand are you servicing, where do you see the growth coming in from in FY12 and what do you think this could do the topline figure of Rs 260 crore?
A: We are enhancing the capacity of the Bombay plant, which has a present capacity of almost about 160 crore. That will go up substantially. Plus, in Surat, we have already taken a plot next to our own existing facilities where new machines are coming in. So there too capacities are getting expanded to nearly double what they are for the current year. In terms of growth, we expect a same rate of growth, at least of 30%, both in India as well as exports. India focus has been on the education market which is growing in all the regions, whether you take the southern region, northern region or the eastern or the western region. This year our penetration has been more in the southern region where the growth is looking to be much faster.
No comments:
Post a Comment