See 20-25% profit growth this year: KPIT Cummins

9685 Investors following KPIT Cummins. Share this News with them.

0

Like this story, share it with millions of investors on M3

See 20-25% profit growth this year: KPIT Cummins

In an exclusive interview with CNBC-TV18, Kishore Patil, Managing Director and Chief Executive Officer, KPIT Cummins Infosystem, speaks about the company’s growth drivers.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Markets Midday on CNBC-TV18 Watch the full show » RELATED NEWS KPIT Cummins revises guidance on good Q2 numbers KPIT Cummins Q2 net profit down at Rs 21.19 cr ALSO READ See latest News about KPIT Cummins See previous management interviews See what other Experts & Brokerages are saying about KPIT Cummins KPIT Cummins BSE | NSE 29/05/12 Are Mutual Funds betting on KPIT Cummins?

In an exclusive interview with CNBC-TV18, Kishore Patil, Managing Director and Chief Executive Officer, KPIT Cummins Infosystem , speaks about the company's growth drivers.

Here is a verbatim transcript of an exclusive interview with Kishore Patil on CNBC-TV18. Also watch the accompanying video.

Q: How much has this got to do with the development of your buying Sparta consulting, does that add to your revenues in any significant fashion?

A: Sparta Consulting is certainly a driver for the market price today. But if you really look at it over the last 12-18 months, there were 2-3 things and we were at the peak at the beginning of the last year about, Rs 130-140 was the price and there were doubts about the foreign currency exposure. The second thing was with the meltdown and KPIT being largely focused on automotive and semi-conductors, there were doubts about especially the growth. So, that was the second major part and now with the Q2 results out, one thing people have realized is that since last 6-8 quarters there has not been any impact or exposure due to the foreign currency transactions, so certainly that fear is no more. The company has demonstrated more profits, so we will be 20-25% more than the last year and that demonstrates the company's ability to provide excellent profit growth from last year. The third which was very important was the meltdown in the automotive sector, we have shown growth in Q3 and that along with the accelerated growth which we expect from the Sparta acquisition, I guess that is what is driving the growth.

Continued on next page.....