Simplex Projects sees FY08 sales at Rs 235 cr

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Simplex Projects sees FY08 sales at Rs 235 cr

Infastructure company Simplex Projects has listed at Rs 323.75 vs issue its price of Rs 185.

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Infastructure company Simplex Projects has listed at Rs 323.75 vs issue its price of Rs 185.

BK Mundhra , CMD, Simplex Projects said that the company sees FY08 sales at over Rs 235 crore and a profit after tax of Rs 24 crore. It sees FY08 EPS at about Rs 17-18.

Excerpts of CNBC-TV18's exclusive interview with BK Mundhra:

Q: What can one expect from your company in terms of sales and profits this year, we were expecting that you will top about Rs 170-175 crore of sales by the end of this year?

A: No, we will exceed to Rs 135 crore. The profit will be around Rs 24 crore for this year. So that would be an EPS of Rs 17-18.

Q: If you do that in this financial year, for FY09, what sort of sales and profit targets have you set out for yourself?

A: For FY09, we are going for different technology, the topline growth may not be that fast, but our bottomline will be much better because we are changing our base to very specialized technology infrastructure . Our aim is that the bottomline should grow fast and stable, and the topline should increase, maybe 20%.

Q: What is this Rs 24 crore in this financial year mean by way of an orderbook you have at this point and how much will be executed over the next three-four quarters?

A: Our orderbook is about Rs 325 crore. So whenever we project, we project on the orderbook as on date. I do not take future orderbooks in consideration.