Aim to be amongst top 10 in 2007: HOV Services

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Aim to be amongst top 10 in 2007: HOV Services

Par Chaddha, ED, HOV Services says that investors can expect to see a topline growth in excess of 40%. He says that the company plans to expand organically as well as inorganically.

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HOV Services has slipped below its issue price. However, the management seems to be quite positive about the company. Par Chaddha, ED, HOV Services says that investors can expect to see a topline growth in excess of 40%. He says that the company plans to expand organically as well as inorganically.  

They aim to be amongst the top 10 in 2007, and amongst the top 5 sooner rather than later.

Excerpts from CNBC-TV18's exclusive interview with Par Chaddha and Surinder Rametra:

Q: Can you put into perspective for your investors what you might do in terms for financial performance and what you might deliver on a consolidated basis in FY07?

Chaddha: Our investors can expect us to see the topline growth in excess of 40% and they can expect us to deliver the PAT expansion from 7% in the past year to over 11% in the coming year.

Q: When you say 40%, is this including all your six subsidiaries standalone or is it consolidated?

Chaddha:  I think we as a company will be at best measured on a consolidated basis and the revenue and the profits should also be measured on a consolidated basis.

Q: What is your estimate of a consolidated EPS for FY06?

Chaddha: We delivered a consolidated PAT of Rs 11.6 crore and I think that translates to just over Rs 9, based on 8.5 million shares.

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