Targeting margins of 19-20% in FY17: Solar Industries

Solar Industries India has bagged an order worth Rs 443.44 crore from Singareni Collieries Company (SCCL) for the supply of 163911.20 MT explosives for the financial year 2016-17 and 2017-18. Speaking to CNBC-TV18, Nilesh Panpaliya, CFO of the company, said Solar Industries will execute the order over a period of two years, on account of which it will clock revenue worth Rs 220 crore in FY17. The company's margins are expected to remain around 19-20 percent for this fiscal year, he added.Below is the transcript of Nilesh Panpaliya’s interview with Sonia Shenoy and Anuj Singhal on CNBC-TV18.Sonia: Can you take us through this order win and when will the money flow into your revenue stream?A: This order, we have for the present year and the next year of Rs 50 crore and half of this order, the revenue will be flowing in this year itself.Anuj: How much will it add to your bottomline and your margin and what kind of margin profile will you have?A: We have a margin profile of around 19-20 percent. So, that will be maintained.Sonia: So this particular order, what kind of margins will it give you?A: This particular order will give us a margin of close to around 19 percent.Sonia: So, you said that Rs 440 crore order will be spread out over two years, so in the first year itself, how much will you get, FY17?A: Around Rs 220 crore order, this year.