In an interview to CNBC-TV18 post first quarter earnings, Jitendra Mamtora, Chairman of Transformers & Rectifiers said he is confident the company will report profits for the full year.
Transformers and Rectifiers posted a stellar set of earnings in what was a turnaround June quarter for the company.
Speaking to CNBC-TV18, Jitendra Mamtora, Chairman of the company, said Transformers and Rectifiers will report profits for the full year and that the company is working at running capacity of 100 percent.
He expects EBITDA margins to remain over 11 percent in FY17.
As On June 30, 2016, the company's orders stood at Rs 868 crore, he said, adding, orders worth Rs 150 crore are in the company's pipeline.
Below is the verbatim transcript of Jitendra Mamtora’s interview to Latha Venkatesh & Sonia Shenoy on CNBC-TV18.
Sonia: Take us through what the next couple of quarters will look like? This quarter was good but do you expect that positive trend to continue?
A: We have enough of orders. The vision is there; the orders are all confirm orders so we don’t see any let down on the performance in the future quarter, this year quarter, so all the three quarters. It is all lined up till the end of this quarter and it will extend to the first quarter of the second year also and for the August which we have in our hand.
Latha: Is it right that you have Rs 868 crore of orders as on June 30th?
A: That is right.
Latha: That will last you up until second quarter of next year is your point?
A: What I am saying is this Rs 868 crore and the orders which are in the pipeline they will extend to the first quarter of the next year.
Latha: Are you L1, what is the visibility on the order book?
A: About another Rs 150 crore orders are in the pipeline where we are L1.
Sonia: You have made profits in this quarter to the tune of about Rs 1 crore odd can we assume that you will be profit making for the full year FY17 as well?
Latha: What could be the revenue run rate? Would it be around Rs 150 crore every quarter or would you do even better as we get to fourth quarter?
A: It will be much more than that.