Anant Gawande, CFO, Talwalkars Better Value Fitness in an interview with CNBC-TV18 spoke about the quarterly performance of the company.
Below is the verbatim transcript of his interview with of CNBC-TV18. Also watch the accompanying video. Q: Take us through the fourth quarter- in line with your expectations and reasonably bounce back from the weakish Q3 numbers? A: They are is in line. We are satisfied with the quarter, for two- three reasons. Just to give you perspective - we crossed the 100 gym mark in about 50 cities during that quarter and hence, that was a satisfying part. On both standalone and consolidated basis we have done exactly what we wanted to do. Our new year resolution scheme has helped us a lot. We also contracted far more value per customer by selling medium to short term membership. A lot of members have been attracted towards our gyms in both the metro and the tier II and tier III towns. Salary cost as per percentage of whole has gone down by about 150 basis points. Essentially, because that cost has got spread. Last time I had mentioned it over a higher number of gyms. Last time those gyms had not opened and so they could not get spread over. One interesting factor for coming year or coming quarter is almost 10 out of these 12 gyms which opened in the quarter in the month of March so a lot of backup revenue will take place in the month of April and May which should be helpful to us. Besides this, the EBITDA margins have expanded slightly which is encouraging for us and we like that. Q: What has the absolute EBITDA margin performance being this time? A: Only for the quarter it has been about 42%. For the year it is about 39.8%. We were expecting about 38.5%, it is about 39.8% close to 40% between 39.5% to 40% for the whole year. We are quite happy with that. If you can maintain this margin which we should going ahead we will be quite thrilled about it. PN Vijay's view on Talwalkars Fitness Q: What is it looking like for FY12 nowDiscover 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!
