Rising Re hits Aro Granite’s Q4 bottomline

Sunil Arora, MD, Aro Granite Industries said an appreciating rupee affected the company’s bottomline. He said the company recently bagged blocks from Brazil and is in the process of marking material from Finland, Norway and Saudi Arabia. "This is how we are going to take care of our raw material problems."

A: There has been an improvement in the last quarter on topline. But the bottomline has been low because appreciation in the Indian rupee affected all exporters and us as well.

A: Last quarter, the total turnover has been Rs 28.10 crore as compared to Rs 25.57 crore for the previous year. Net profits this year was down at Rs 101 crore as compared to Rs 308 crore.

A: Margin came in at 101.41%.

Q: In terms of percentage, you have clocked about 14% in the same quarter last year. What have you done this time around?

A: Percentage wise, we are a bit down compared to earlier. The total figure is 101%; for Rs 28 crore we made 101%.

Q: Is there pressure on the raw material side at this point? How are you going to be tackling the issue? What are you at looking in terms of the topline and bottomline performance in FY09?

A: We are definitely looking for an improvement in the current quarter. In this financial year, we started importing blocks from other countries. We recently got the blocks from Brazil and are also in the process of marking material from Finland, Norway and Saudi Arabia. This is how we are going to take care of our raw material problems.