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Last Updated : Aug 02, 2016 12:11 PM IST | Source: CNBC-TV18

See turnover of Rs 950 cr in this fiscal: Munjal Auto

Speaking to CNBC-TV18, Sudhir Munjal, MD of Munjal Auto said that the turnover in FY17 will be 5-7 percent higher than FY16 and expects it to be around Rs 950 crore in this fiscal.


Munjal Auto reported a decent set of first quarter earnings where its operational performance improved.


Net profit was up by 80 percent to Rs 8.1 crore year-on-year (YoY) and operating profit margin increased 170 basis points to 6.7 percent (YoY).


Speaking to CNBC-TV18, Sudhir Munjal, MD of Munjal Auto said that the turnover in FY17 will be 5-7 percent higher than FY16 and expects it to be around Rs 950 crore in this fiscal.

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He also said that the company has set up a new unit in Gurugram last year after which production rose to 27,000 units per day with the new capacity.

Utilisation is expected to improve to 75-80 percent, he added.

For full interview, watch accompanying video...



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First Published on Aug 2, 2016 12:11 pm
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