Umesh Choudhary, MD of Titagarh Wagons, in an interview with CNBC-TV18's Latha Venkatesh and Gautam Broker, gave his perspective of the fourth quarter performance and their divulged future plans.
Below is the verbatim transcript of the interview. Also watch the accompanying video. Q: Could you take us through CIMMCO's performance? Will there be a substantial jump in the performance of the consolidated entity, now that you can draw synergies?A: Yes, absolutely. As far as CIMMCO is concerned, it has performed only for one full quarter as of now. After a period of prolonged closure for almost ten plus years, we declared our first working results for the quarter ended March 2011. In the nine month period, we have done a turnover of Rs 117 crore.
As far as the quarter is concerned, we have done almost Rs 110 crore. Primarily, the entire turnover has come in the Q4 of the current year or Q3 because it is the nine month closing that we have done for the last year.
If we look at that benchmark, CIMMCO should become a substantial contributor to Titagarh
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