Transformers and Rectifiers (India) bagged an order worth Rs 126 crore on Monday from Gujarat Energy Transmission Corporation (GETCO). Speaking to CNBC-TV18 about the same, Director Strategy Vinod Mason said that the company will execute nearly 60 percent of this order in this year.
The company aims to cross the Rs 700 crore revenue mark in FY14. Below is the edited transcript of Vinod Mason’s interview with CNBC-TV18 Q: Where does this take your order book to? How much of this would lead to revenue uptick in FY14, what kind of revenues will you target in FY14? A: This particular order is for total number of 33 transformers - 3,935 MVA valuing about Rs 130 crore. Nearly 60 percent of that will be executed in this year. Q: At what margins have these orders come at? A: I will not be able to tell you the exact margins, but it is pretty good compared to current market conditions. We have good order and we are all very happy about it. Q: In the quarter gone by, the company had seen negative operating leverage. So what is the expectation for this year? A: This will definitely put us in a positive mode. In any case, Q1 was little bad, but we should be in positive range within this year. Q: On the revenues front, what could we expect for the FY14 what will be the revenue growth? A: We should cross Rs 700 crore.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
