Himanshu Baid, MD at Poly Medicure, says that 85% of their business is from exports and expects Rs 92-85 crore in sales for the end of the current fiscal with net profits exceeding Rs 10 crore.

Excerpts from CNBC-TV18's exclusive interview with Himanshu Baid:

Q: How is it growing the hospital product segment for you?

A: Basically we are into the export market and 85% of our business is from exports. We are currently in an exhibition in Dusseldorf. The export market is growing at around 20%.

Q: What does your product portfolio comprise of?

A: We are mainly into safety products, IV Catheters and blood bags.

Q: You had a couple of delays we believe in terms of plant and machineries, has that been sorted out?

A: That’s been sorted out and we are expecting our plant and machinery to arrive next month. Hopefully the new plant will be up and running in January.

Q: In terms of global sales, how much do you think they will contribute to the revenues by the end of this financial year in money terms?

A: In this financial year it would be around Rs 7-8 crore.

Q: Do you think you could end the current fiscal with sales close to Rs 100 crore or is that too much?

A: We are looking at a target of Rs 92-95 crore.

Q: With what kind of profitability?

A: We are looking at net profit exceeding Rs 10 crore.

Q: What do you think you might deliver in terms of an EPS by FY08?

A: The FY08 EPS would be around Rs 26-27.