VD Mhaiskar, chairman and managing director of IRB Infrastructure Developers in an interview with CNBC-TV18 said that he expects the company's topline to grow by 15-20% in FY12.
He said, the company's projects are progressing well however, they would wait to see the impact of slowdown during the monsoon quarter before revising their guidance. He further clarified that the company is no fund raising plans at this point of time. IRB Infrastructure's consolidated net profit for first quarter FY12 stood at Rs 134 crore, a rise of 14% against Rs 117.5 crore in the year ago period. Its consolidated net sales jumped by 56.25% to Rs 800 crore from Rs 512 crore year-on-year. Below is the transcript of his interview with of CNBC-TV18. Also watch the accompanying video. Q: The numbers were much better than what the street expected. Take us through the money raising that you are looking atDiscover 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!
