Expect FY17 core organic revenues growing 20-22%:Take Solutions

Talking to CNBC-TV18, HR Srinavasan, Vice Chairman and Managing Director, Take Solutions, said he expects the company's core organic revenues to grow by 20-22 percent in FY17. Chennai floods had a negative impact on Take. The company lost USD 160,000 in revenues in the third quarter of FY16 due to this. Also, the fourth quarter of the same year had a spillover of USD 0.8 million in revenues from Q3.Its revenues were up by 25 percent in the fourth quarter of FY16 at Rs 312 crore quarter-on-quarter.The company will focus on the Japan market in FY18, he says.Below is the verbatim transcript of HR Srinivasan’s interview with CNBC-TV18's Nigel D'Souza and Reema Tendulkar.Nigel: The company had a negative impact in quarter three due to Chennai floods. So was there any spill over of revenue into this quarter?A: The Chennai floods had an impact of about USD 1 million on the topline and it got really postponed. So, about USD 800,000 of that we captured as revenue in Q4 and we lost close to about USD 160,000. So, the net impact for the company due to Chennai floods on the top line would be about roughly USD 160,000.Reema: Ecron Acunova was acquired by the company in November 2015. Did that contribute to your performance in the quarter and if yes, by how much?A: The completion of acquisition of Ecron Acunova was done in January 2016. We announced it in November 2015 but the completion of acquisition was in January and we consolidated the numbers for Q4. So, for Q4 Rs 42 crore revenue came from Ecron Acunova and about roughly Rs 4 crore of earnings before interest, taxes, depreciation and amortisation (EBITDA) was due to Ecron Acunova.