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See 20-25% revenue growth in FY11: Nitin Fire Protection
Nitin Fire Protection Industries has announced that its subsidiary has received and is executing a single order of over USD 3.5 million. In an interview with CNBC-TV18, Rahul Shah, Executive Director, Nitin Fire Protection spoke about the recent order, its business plans and gave an outlook on margins going forward.
Q: How is your CNG cylinder manufacturing unit at Vizag doing?
A: That unit is now doing very well and we have a good orderbook flow and we also have some OEM contracts which are flowing in which was not there in the past because it has been only two years since our company got into production. But things are much better now.
Q: You announced your intentions to go in for some acquisitions as well, have you narrowed down on anything?
A: Yes we are almost in the final stages and possibly things should happen in Q1 of the next financial year.
Q: What geographies are you looking at?
A: We are looking into Middle East and Europe. The European one is going a bit slow because of some concerns over current situation. But the Middle East one is going aggressively and you would hear on that from us very soon.
Q: What kind of revenue growth you are expecting in FY11 and more importantly what are you expecting by way of margins?
A: For this financial year, we expect atleast a 20% topline growth. For FY11 we are looking at growing at a rate of 20-25% growth on our topline.
