RC Mansukhani, group chairman of Man Industries joins CNBC-TV18 to throw some light on the quarterly results of the company. Man Industries saw its profitability for Q4 fall by almost Rs 12 crore from the Rs 30 crore reported in the previous year. This is mainly due to the provisioning of about Rs 30 crore in Q4 for the court cases etc, that pulled profits for the full year down, says Mansukhani.
Below is the verbatim transcript. Also watch the accompanying video Q: Can you tell us what the numbers are. What have you done by way of revenues in the Q4 and profit?A: The Q4 revenue is Rs 440 crore and profitability is around Rs 18.62 crore. Q: What would be the full year numbers therefore? What is the revenue that you have done and profit for the full year?
A: Full year revenue is Rs 1631 crore and profit is Rs 91.97 crore Also read: Man Steel buys 4.03 lakh shares of Man Industries Q: To revise, your full year profits are at Rs 91 crore versus Rs 46 crore that you did in FY10 and your net profit for the last quarter has come in at Rs 18 crore, which is lower than the Rs 30 crore that you did in Q4 of last year? So what did you do by way of margins in the Q4 and the full year?
A: There is a small correction, the full year profit is Rs 91.97 crore compared to Rs 67 crore. Q: What did you do by way of operating margins in Q4 and in the full year?
A: In Q4, there was some provision due to the court cases etc. That
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