AGC Networks Ltd has declared its FY10 Q2 results. The company's sales are up 0.73% at Rs 138.5 crore versus Rs 137.4 crore. Its profit after tax is at Rs 7.87 crore versus Rs 0.22 crore.
In an interview with CNBC-TV18, Anil Nair, Managing Director of the company, spoke about his outlook for the company post results.
Here is a verbatim transcript of an exclusive interview with Anil Nair on CNBC-TV18. Also watch the accompanying video.
Q: Can you tell us why the revenue growth has been quite sluggish for your company? Your margins have shown a significant year-on-year (YoY) improvement, the bottomline also looks good but the revenue growth seems to be a bit sluggish, will you take us through?
A: The intent is profitable growth and you see the intent reflecting in the numbers. So we will focus on where the profits are to be made and we will grow in the areas which support that intent.
Q: Your cash balance at the end of Q2 is about Rs 155 crore, are there any inorganic growth strategies you are looking at or anything that you would have on your mind to deploy these funds in a manner that could help you boost your revenue growth?
A: Clearly those opportunities are always there and we are always looking at possibilities. I don't think we have anything to share with you at this point of time, nothing concrete on the table.
AGC Networks Ltd
