Expect margins to improve: KEW Industries

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Expect margins to improve: KEW Industries

Director of KEW Industries Ashok Kumar expects margins to improve because defense and the railways have finalised their order in the third and fourth quarter.

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Excerpts from Your Stocks on CNBC-TV18 Watch the full show » RELATED NEWS KEW Industries can be a worth buying A quick look at KEW Industries IPO KEW Ind IPO opens on Aug 28 ALSO READ See latest News about Ashok Leyland See previous management interviews See what other Experts & Brokerages are saying about Ashok Leyland Ashok Leyland BSE | NSE 29/05/12 Are Mutual Funds betting on Ashok Leyland? Other Stocks in this news Tata Consultancy Services | KEW Industries |

Director of KEW Industries  Ashok Kumar expects margins to improve because defense and the railways have finalised their order in the third and fourth quarter.

Excerpts from CNBC - TV18's exclusive interview with Ashok Kumar:

Q: We have your half yearly numbers with us. Can you reiterate your quarterly numbers and the comparative figure?

A: We made a public issue only in August and September. Earlier the quarterly results were not compiled, there were the annual numbers only. So the information sent to the Bombay Stock Exchange consisted figures for the full year ended March 2006.

Now in the second half of this year, I think our results should be better because we are wholeheartedly doing the completion of the envisaged projects for expansion of capacities. The order book position is also comfortable.

I heard some news about Ashok Leyland, which is taking the stock price up. We are suppliers of complete assemblies to Ashok Leyland . Therefore, in the second half-year of 2006-07, we must do better in line with them.

Q: Your net profit margins work out to be 7%, could you draw a comparison between how you performed on a margin basis in the first half of 2006 and first half of 2007?

A: The first half of 2006 and 2007 cannot be compared because the results of 06-07 are yet to be done and for the year ended full 12 months period, March 2006, the figures are available only for the whole year number.

Q: But going forward would you be able to maintain this margin of 7% for the remaining half of 2007 as well?

A: Rather, it should improve because defense and the railways have finalised their order in the third and fourth quarter.

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