Gokul Refoils eyes 15-20% jump in topline for FY12

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Gokul Refoils eyes 15-20% jump in topline for FY12

In an interview with CNBC-TV18’s Gautam Broker and Latha Venkatesh, Praveen Khandelwal, VP of the company, gave his perspective of the third quarter performance and divulged future plans.

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Excerpts from Midcap Radar on CNBC-TV18 Watch the full show » ALSO READ See latest News about Gokul Refoils See previous management interviews See what other Experts & Brokerages are saying about Gokul Refoils

Gokul Refoils and Solvent Q3 net sales were up 41.3% at Rs 1,217.81 crore versus Rs 861.9 crore. Its net profit was up 15.9% at Rs 21.27 crore versus Rs 18.35 crore.

The company's EBIDTA margins was down 4.38% versus 4.76%. Its total expenditure was up 41% at Rs 1,173 crore versus Rs 831 crore.

In an interview with CNBC-TV18's Gautam Broker and Latha Venkatesh, Praveen Khandelwal, VP of the company, gave his perspective of the third quarter performance and divulged future plans.

Below is the verbatim transcript of the interview. Also watch the accompanying video.

Q: Could you take us through the performance of this quarter? What are you expecting in terms of margins going forward?

A: The last quarter was very good. We have a topline of Rs 1,218 crore. Comparing with the corresponding quarter, we have registered a growth of around 41% of top-line and 16% of bottom-line. We have had fantastic figures for the nine months. We have registered a growth of 73% as far as the nine month top-line is concerned, with a 50% increase in the bottom-line.

Q: How will things pan out for the coming year? Will Q4 be as good as Q3? This time you had the benefit of a good Soya crop. How is FY12 looking to you? How seriously are you dependent on domestic Soya crop?

A: We have portfolio of domestic as well as imported. So, this year, we are getting good Soya crop. We have crushed somewhere around 75,000 metric tonne already in this quarter and are looking for a very positive in the next quarter. We are positive for FY12 as far as Soya seed is concerned, which is a part of our portfolio. Hence, we are positive.

Q: What kind of increase in revenues can you look at this point in time for FY12?

A: We are looking at a jump of 15-20% in terms of top-line for FY12 over FY11.