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Wockhardt sees healthy 30% margins in FY12
In an interview to CNBC-TV18, Habil Khorakiwala, chariman of the Wockhardt Group said the EBITDA growth for FY12 is likely to be at 72%, while the margins are seen at 30%.
In an interview to CNBC-TV18, Habil Khorakiwala, chariman of the Wockhardt Group said the EBITDA growth for FY12 is likely to be at 72%, while the margins are seen at 30%.
"We are very positive to continue the growth and to maintain and improve the margins," he said.
Wockhardt and some of its foreign currency convertible bond (FCCB) holders are engaged in a long-drawn legal tussle over the repayment of matured bonds. The company has total FCCB outstanding of USD 110 million. Khorakiwala said the company has already reset all their debts as far as the bond holders and FCCBs are concerned.
"The outstanding debt after our deposit in the court is little more than Rs 300 crore. And, the transactions overall value is relatively a smaller part of it, hence, we should be able to resolve that," he added.
