Hanung Toys and Textiles reported a sales turnover of Rs 302.13 crore versus Rs 274.90 crore (YoY) and a net profit of Rs 23.28 crore versus Rs 30.29 crore (YoY) for the quarter ended September 2011.
Chairman and managing director Ashok Kumar Bansal indicated that the company has cut down its capex plan from Rs 720 crore to Rs 350 crore in last couple of months.
However, he further mentioned that the rupee depreciation has marginally helped the company. Here is the edited transcript of his interview to CNBC-TV18. Also watch the accompanying video. Q: The rupee depreciation should have helped you both in terms of costs and facing the Chinese competition since the Chinese currency didn
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