Oct 08, 2010, 04.54 PM IST

Euro Multivision expects Rs 220cr from solar arm in FY12

In an interview with CNBC-TV18's Reema Tendulkar and Gautam Broker, Hitesh Shah, managing director, Euro Multivision informed the company is looking at revenues of Rs 115 crore for the six months of operations.

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Euro Multivision expects Rs 220cr from solar arm in FY12
Euro Multivision recently commenced the commercial production of solar photovoltaic cell project of 40 megawatt in August of this year.  The company plans to up its capacity utilisation to 80-85% from the current 70-75% by fiscal year 2012.


In an interview with CNBC-TV18’s Reema Tendulkar and Gautam Broker, Hitesh Shah, managing director, Euro Multivision informed the company is looking at revenues of Rs 115 crore for the six months of operations. “For the fiscal year 2012, we expect revenues of Rs 220 crore,” he said adding, “Our EBITDA level margins will be around 25%.”


Shah said the numbers have been down on account of the optical disc business being under pressure.


For complete interview watch video.


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