See full-yr revenue over Rs 1600cr: Guj Ambuja Exports

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See full-yr revenue over Rs 1600cr: Guj Ambuja Exports

Gujarat Ambuja Exports reported a net profit of Rs 23.1 crore versus Rs 9.5 crore, a 143.16% jump YoY, on net sales, which rose 22% from Rs 324 crore in September 2009 to Rs 396 crore in September 2010. In an interview with CNBC-TV18, Manish Kumar Gupta, MD, Gujarat Ambuja Exports gave his perspective on the quarter gone by and the road ahead.

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Gujarat Ambuja Exports has declared its results for the second quarter ended September 2010. It reported a net profit of Rs 23.1 crore versus Rs 9.5 crore, a 143.16% jump YoY, on net sales, which rose 22% from Rs 324 crore in September 2009 to Rs 396 crore in September 2010.

In an interview with CNBC-TV18, Manish Kumar Gupta, MD, Gujarat Ambuja Exports gave his perspective on the quarter gone by and the road ahead.

Below is a verbatim transcript of the interview. ALso watch the accompanying video.

Q: It's been a very healthy performance for you all this quarter. What's the expectation for the entire year?

A: We expect similar numbers for the next two quarters. We will do much better net profits for the next two quarters compared to the last two quarters as this year we have had very good monsoon and all the three divisions of the company, the soya, the biochemicals and the cotton yarn all are doing exceptionally well and we hope to benefit from the good monsoon.

Q: Could you quantify what your expectation is in terms of a revenue or maybe even EPS?

A: The topline we expect to be somewhere close to Rs 300 crore plus and we expect EBITDA margins of about 9% to 10% on the same.

Q: Can you just tell us segmentally how you have you done this quarter at the operating level?

A: In the maize segment we have done around 20% and on the cotton yarn side we have done about 10%. On the soya division we have done about 7%. So on an average EBITDA has been around 9.5%.

Q: I think you did around Rs 680 crore for the first half of the year. Could we extrapolate that to assume that you might touch around Rs 1400 crore for the year?

A: We expect the next two quarters topline to be better than the first half because second half is normally our peak season and soya crushing season is at its peak. So we expect in the last two quarters the topline to be around Rs 1000 crore for the second half.

Q: So you close the year with assuming Rs 1600 crore then?

A: Yes, for the full year above Rs 1600 crore.