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Last Updated : Feb 13, 2012 03:47 PM IST | Source: CNBC-TV18

Nitin Fire targets 30-40% sales growth in FY13

The company is optimistic about the its future growth and aims to achieve sales growth of almost 50% year on year or on quarter on quarter basis for FY12.


Nitin Fire Protection Industries posted tad disappointing numbers in the third quarter of FY12. Its net sales declined 5% to Rs 103.5 crore as against Rs 109.1 crore, year-on-year (YoY). Its profit slipped 40% to Rs 11.70 crore against Rs 19.64 crore reported a year ago. 


Speaking to CNBC-TV18 about the quarterly performance of the company, Rahul Shah, executive director, Nitin Fire said: "We are into the business of contract. Some contracts would have started prior to that quarter and some would have been completing by end of that quarter. So, there has been no de-growth in the sales actually."


The company is optimistic about the its future growth and aims to achieve sales growth of almost 50% year on year or on quarter on quarter basis for FY12.


It sees rise in demand for fire protection and eyes 30%-40% sales growth in FY13.

Below is the edited transcript of Shah

First Published on Feb 13, 2012 03:13 pm