Intrasoft Tech guides topline of Rs 52cr for FY11

In an interview with CNBC TV-18, Arvind Kajaria, Chairman & Managing Director, Intrasoft Tech spoke on the company’s growth and the opportunities moving ahead.

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

Q: Could you take us through how FY10 looked for you, you had 40% bump up in your revenue and your Profit After Tax (PAT) too was up almost 65%. How did it shape up?

A: That’s exactly the numbers that we have announced and for the current year the guidance that we have given is a topline of Rs 52 crore and the PAT is approximately about Rs 14 crore. It looks like we are on track right now as I see the months go by. You asked how the advertisement revenues are shaping up. The US is much better than before and we have seen a robust demand and the other geography is that we are focusing now are on India and Singapore, both are on track. So we hope that the guidance that we have given, we should better hit the numbers.

Q: Your pier Archies has said that they are open to a possible stake sale, would Intrasoft Technologies in anyway consider if Archies wants to sell out. Are you in talks with promoters of Archies in any form?

A: We are not in talks with Archies or anybody else as of now but our focus has been always online. Our 10 to 12 years history has shown that our success and our expertise is online and which is why I think our investors invested in us. If there is something on the table that is interesting and kind of fuse in offline growth, its not a appliance as of now but if something interesting comes up we would certainly look at that.

Q: So you could look at it in future if it works?

A: Right, like I said our expertise is online, if there is a way of combining offline and it fuels the growth and adds to the top line and bottom line, we will certainly look at it.