See revenue touching Rs 500cr in FY12: Liberty Phosphate

Liberty Phosphate has reported a sales turnover of Rs 83.34 crore and a net profit of Rs 9.96 crore for the quarter ended December 2010. For the quarter ended December 2009, the turnover was Rs 48.51 crore and net profit was Rs 0.77 crore.

In an interview with CNBC-TV18, RR Dhanani, MD, Liberty Phosphate gave his perspective on the quarter gone by and the road ahead. Below is a verbatim transcript. Also watch the accompanying video. Q: Massive improvement in your topline and also your margins, can you explain what helped your margins 20% versus 8% last time? A: Because there was a raw material available with us of the earlier period and the improvement in the topline is because of the good demand of fertilizer phosphates. Overall phosphates is also in a good demand internationally as well as domestically also. Q: What was the realization, how much did it improve on a sequential basis and where do you expect it to stabilize? A: Realization was almost about Rs 7400 per tonne of single super phosphates and about 12% was increased from the last quarter. Q: Do you expect it to stabilize at these levels? A: Yes right now, maybe it improves in the Q2 of the coming year. Q: What about Q4 do you still have low priced inventory or raw material? A: Yes. Q: So you should be able to report 20% margins in Q4 as well? A: Yes, we are in line. Q: How does FY12 pan out for you? A: FY12 we are just trying to plan about Rs 500 crore turnover and almost about Rs 50 crore bottomline before interest in tax.