Prabir Ghosh, wholetime director & group CFO, McNally Bharat is confident of not only maintaining FY14 guidance of Rs 2200 crore but is also confident of robust revenues for FY15 to the tune of Rs 2700 crore on back of healthy orderbook position going forward.
Fourth quarter is always a large quarter because of the conviction in the order execution. “Last year too for the first 9 months we clocked Rs 1450 crore and for the full we did about Rs 2100 crore revenues and this year too we are on track,” he added in an interview with Reema Tendulkar and Sumaira Abidi on CNBC-TV18.
He said the company is hopeful of achieving 9 percent margins for FY14. “Each quarter usually there is a variation in margins depending on the orders executed, so there could be some variation in margins for different quarters but overall for this fiscal 9% looks achievable.”
Answering a query if the company had plans to reduce their debt, Ghosh said the overall debt though is a concern; it is not out of control since most of it is working capital debt backed by good assets.
So, Gosh said although the overall debt may not come down substantially but compared to the topline the debt level will be in a much healthier position.
Also read: McNally Bharat's UK exit to relieve co's balance sheet
For the entire interview watch video
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