Kabra Extrusion expects Rs 195cr rev next quarter

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In an interview with CNBC-TV18, SV Kabra, Chairman and Managing Director of Kabra Extrusion , spoke about his outlook for the company.

Here is a verbatim transcript of an exclusive interview with SV Kabra on CNBC-TV18. Also watch the accompanying video.

Q: You have just made an announcement of capacity expansion plans to the tune of about Rs 85 crore to expand your Daman facility. Where are you getting these funds from? What, by way of expansion and capacity, are you planning in the next couple of quarters?

A: This expansion involves investment in machinery and other utilities but it does not include investment in land building. We are finalizing buildings to take it on lease. Basically these machines will be required to increase our capacity as well assembly space where today in our old space we don't have any area available.

Q: How have you raised this sum of Rs 85 crore?

A: We are a debt free company and mainly it will be funded by internal accrual and if some funds if required will go to the bank.

Q: Could you take us through your third quarter numbers this time around, your profits have looked quite good? You have done about Rs 6.5 crore of profit versus Rs 97 lakhs last time, how is the business looking, we understand there is up tick in the entire PVC pipes business, what kind of traction are you seeing?

A: There has been very good growth for PVC pipe. In PVC pipe there has been tremendous growth from last year. We also have many orders in hand and we expect because of thrust on agriculture, irrigation, water management, infrastructure this would continue.

Q: What is your current order book as of date?

A: We have got orders in had of around Rs 95 crore as of today. Our thrust on export which has increased by about 28% in the last nine months compared to previous nine months has given us good dividend because we did not have the pressure of competition in these countries where we are exporting.

Q: Can you do about Rs 80 crore of revenues next quarter?

A: Our expectation is that our total sale should be about Rs 190-195 crore.

Q: Would that be in this financial year?

A: Yes.

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