In an interview to CNBC-TV18, Harshbeena Zaveri, president of NRB Bearings said, the company may see 15% top-line growth in FY12.
Below is the edited transcript of her interview with Reema Tendulkar and Ekta Batra of CNBC-TV18. Also watch the accompanying video. Q: There are some reports doing the round that the promoters are looking to increase the stake in the company. Could you tell us if that is true and by way of creeping acquisition have you all already acquired part of the stake? A: Yes, we did this morning. But it is inter se promoter. We have just about 25% in the public. So, we cannot increase our stake from the public. Q: How is business doing? We understand that 85% of your revenues are domestic based, how are you doing in the domestic market? A: Domestic market, in certain sectors, has shown some slowdown. But the big advantage that we have in NRB is that we have huge diversity in our customer profile. Roughly 25% of our business comes from two wheelers and another 25% comes from CV. The CV business is very diversified because a big chunk of it comes from overseas. So, a large percentage of our exports, which ranges anything between 8-15% depending on the growth or otherwise of the Indian market, is the CV market. Companies like Volvo, Renault and Daimler Truck not here but in Germany and Sweden. So, that is also very diversified. We also supply construction equipment and mining equipment. Q: How exactly has the currency affected you? A: Ford Fiesta, we recently launched globally the transmission bearings were designed by us. That all is in dollar. So, as far as revenues are concerned, itDiscover 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!
