![]() Transmission line biz to yield major profits: Ramsarup IndPublished on Mon, Jul 31, 2006 at 15:14 | Source : Moneycontrol.com Updated at Mon, Jul 31, 2006 at 20:37
Ashish Jhunjhunwala, MD of Ramsarup Industries says that their transmission line business has just begun and that they are expecting a total business of Rs 200 crore in transmission lines itself. Excerpts from CNBC - TV18's exclusive interview with Ashish Jhunjhunwala: Q: A very good sales as well as net profit numbers, do you think you will be able to maintain this kind of 50% growth for year-end as well? In this quarter, we have achieved a total sales of Rs 312 crore but we are looking at Rs 1450 crore of total turnover this year. With a total PAT of about Rs 60 crore as against last year of about Rs 27.5 crore
Our major profitability will be coming from transmission line business where we are expecting a total profit of about Rs 20 crore from Rs 200 crore business. So that will increase our PAT substantially both in terms of numbers and percentage. Q: Power sector constitutes about 40% of your revenues but your percentage of sales for the power division is very small. What are your thoughts on changing that mix going forward?
A: It will change because our business will be moving more towards transmission lines, which is absolutely a power segment. So finally somewhere around 55-60% will be from the power segment itself. Power is the happening sector in India and it is going to be a big story of which we want to take advantage.
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