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Aishwarya Telecom manufacturer of Test and Measurement Instruments like Mobile Tester, Fiber Optic Tester, Data Tester, Cable Fault Locator, etc listed at Rs 55 with a premium of 57.14 %, the issue price was Rs 35.
Aishwarya Telecom is one of the important players in the T&M industry, which mainly supplies its products to major telecom operators.
G Rama Manohar Reddy, MD of Aishwarya Telecom said that his company is looking at a revenue of Rs 65 crore and net profit margin of 15% in FY09. He expects to finish FY09 with Rs 10 crore net profit.
Excerpts from CNBC-TV18’s exclusive interview with G Rama Manohar Reddy:
Q: Good listing for your stock - tell us how much you expect to do by way of revenues in FY09 and where all these revenues would come in from the different products?
A: We are looking for more than Rs 65 crore from March 2009 and 70% contributes from telecom; 20% could be in defense sector and balance on trial basis is about 5%. We have other ISB scalabilities in which we operate; education segment will give the balance revenue and a little bit of exports.
Q: On this Rs 65 crore revenue base, how much would you make by way of profits you think?
A: We are looking for about 15% PAT.
Q: Can you just split up the PAT performance as well in terms of what you will see from the manufacturing side and the trading side because the concern seems to be that your trading activity has been picking up-not so much the manufacturing?
A: Manufacturing - we are looking for 30-35% and services and turnkey solutions could be about 15% and the rest is from trading.
Q: Who is it that you are sourcing to primarily in the Indian market right now?
A: We have all the telecom companies as our customers like Tata Teleservices (TTML), Reliance, Bharat Sanchar Nigam Limited (BSNL), Mahanagar Telephone Nigam Ltd (MTNL), Airtel, Vodafone, Idea, defence labs and railways also companies like Ericsson.
Q: When you said 15% PAT margin - you would then be on course to do Rs 10-11 crore in terms of net profit and about Rs 11-12 in earnings per share (EPS)?
A: Yes, about Rs 10 crore on profit, net profit.
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- Jul 25, 17:30
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- Rs.29.85
-0.60 -1.97%- 93279
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