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Jul 19, 2007, 09.38 AM IST
The quarterly results of Gemini Communications has come. The net profit for the Q1 stands at Rs 7.53 crore vs Rs 7.66 crore on a QoQ basis.
The company's net sales for Q1 is Rs 56.85 crore vs Rs 35.22 crore on a QoQ basis.
The company has orders worth Rs 135 crore on hand and is executing orders worth Rs 50-60 crore this quarter.
Excerpts from the exclusive interview with Vijay Kumar:
Q: Sequentially it has been a little flat. What went wrong this quarter?
A: You will have to consider our records on YoY because last year first quarter we have done about Rs 3 crore odd on net profit and this year first quarter we are doing about Rs 7.5 crore because my last quarter is always a best quarter. If you consider YoY growth then we will have about more than a 100% jump on net profit. But QoQ, Jan-March is always my best quarter so it will not be right to compare last quarter vis-ŕ-vis this quarter.
Q: What’s your order book like at this point in time and when is it exceptionable over?
A: We have 36 orders in hand as on 2007 of about Rs 135 crore. We are looking at executing at least about Rs 50-60 crore in this quarter and the balance would get carry forward to the next quarter.
Q: What’s been your concentration on rural and semi-urban sectors?
A: We have our own products on wireless radio modems in the brand of PointRed. We believe that tomorrow’s future on wireless will be Wimax and we are getting out our own products on Wimax, which would concentrate on the rural and semi-urban space. It will be point to point and point to multi-point. It could be on unlicensed band as well even though we have products on the license band.
Q: How do you plan to spend your FCCB issue of 15 million euros?
A: We plan to do quite a bit on R&D on the RFID as well as on the radio modem front. We believe that these two subsidiaries of ours, Gemini Traze RFID and PointRed Telecom would be global companies. We would have to spread our wings not just in India but also globally and we would spend quite a bit of that money in creating newer products, trying to capture newer geographies and also use a part of it for acquisition.
Q: Anything you identified when it comes to acquisitions?
A: Yes we have identified but we are in talks with them so we would probably come out with some news shortly.
Q: Your FY08 target and what do you hope to do in terms of margins and topline and bottomline?
A: Consistently we have been growing at about 50%. I think we should be able to overshoot that growth this financial year because of our orders in hand as well as the kind of expenditure that is happening in the segment and the industry that we are in is a buoyant growth and the industry itself is growing more than 30-35%. So we should grow at more than 50% this year
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