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Jindal Saw eyes FY10 EBIDTA at 18%
Indresh Batra, Vice President and CEO - US Operations, Jindal Saw said the companies order book is at about USD 1.2 billion, which covers the company for three-quarters roughly. He informed CNBC-TV18 that freight wagon manufacturing unot coming up in Baroda would manufature 3000 wagons would add Rs 750 crores to the company’s topline business.
Indresh Batra, Vice President and CEO - US Operations, Jindal Saw said the company's order book is at about USD 1.2 billion, which covers the company for three-quarters roughly. He informed CNBC-TV18 that the freight wagon manufacturing unit coming up in Baroda would manufature 3000 wagons and would addRs 750 crore to the company's topline business. He added that Q3 looks very promising for the company. He sees the company's EBIDTA (Earnings before interest, taxes, depreciation and amortization) to be higher by 200 bps in the next 18 months and sees it at 18% in FY10.
Excerpts from CNBC-TV18's exclusive interview Indresh Batra:
Q: You have about a billion dollars worth of order backlog across various pipe segments. What's the new order flow like? Are there any concerns on the high ductile segment on account of the increasing coal cost? Can we expect any sort of margin pressures going forward?
