Ninad Karpe, CEO & Managing Director, Aptech, says, the company has been cash rich for the past 3-4 years. He continues to see good momentum ahead.
Below is the verbatim transcript of Ninad Karpe's interview with Ekta Batra & Anuj Singhal on CNBC-TV18.
Ekta: Your enterprise training business has made an EBIT loss though last time the gain wasn’t much but it has gone in to losses this quarter on an EBIT level and that looks like it has impacted your margins quite a bit this time?
A: Yes, it has very marginally. This time we had a lot of international projects and some of the projects are low margin and that is why overall you have seen a slight dip. It is not much. We have had a fairly good rise in the topline.
Ekta: Even your topline was down 22 percent for enterprise training?
A: Overall Rs 50 crore compared to Rs 42-43 crore last year so it is a quite a huge jump. In terms of profit after tax (PAT), the drop is very minimal. It is only Rs 25-30 lakh, so it is nothing to get worried about. Overall, there is a significant momentum in the business and we will see the results in the quarters ahead.
Anuj: The Flipkart initiative - if you could give some more details in terms of the kind of potential that you see in this business in terms of numbers that you think can it can add going forward?
A: Flipkart is just one company and we are open to other also. We have taken that as a very strong initiative that e-commerce companies today the bottleneck will not just be logistic and technology, bottlenecks will be people for the e-commerce segment to grow.
They want to train 1,00,000 sellers to put up their products and services on Flipkart. Today I think there are some 40,000-50,000. So, within next 7-8 months they want to train 50,000 across the country. That is the kind of training which is required.
Ekta: What about Skill India?
A: Skill India lot of people had said lot of things and we are also NSDC partner and we have registered in three sectors and lot of money is being put by the government in this sector. We have targeted to train probably half a million or so in the next three years. That is achievable we have the infrastructure and we will certainly do that. Good part of Skill India is not just the money government is funding but also they are giving loans. So it is entire ecosystem that they are building. That will propel the entire vocational education industry in India.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
