Diversified group SRS is planning to expand its four verticals such as cinema, food courts, retail stores and jewellery stores. Anil Jindal, chairman of SRS, in an interview to CNBC-TV18, spoke about the latest happenings in the company and gave his views on how the company is going to perform in the future.
SRS recently issued 3.5 crore shares through its IPO; however, the stock could not surpass its issue price level. The stock was trading near day's low of Rs 40.40, down 30.34% from issue price of Rs 68 a share on the National Stock Exchange. The company raised Rs 203 crore through the issue, which will be used for setting up cinemas, food courts and restaurants, retail stores and jewellery manufacturing facilities. Below is the edited transcript of Anil Jindal's interview with CNBC-TV18's Udayan Mukherjee and Mitali Mukherjee. Also watch the accompanying video. Q: What kind of revenue do you expect from two of your key contributors- the jewellery and cash and carry segment? A: We are a lifestyle company. We have four verticals - Cinemas, food court, retail stores and jewellery stores. Last year our revenues were Rs 2,042 crore, out of which 70% came from the jewellery segment. Q: What kind of contributions will come in from the jewellery segment and the retail segment? A: Jewellery segment will contribute 70%, retail segment will contribute 25% and remaining 5% from cinemas and food courts. Q: What kind of revenues do you see for FY12? A: We expect FY12 revenues at around Rs 3,000 crore and out of which 70% will come from jewellery, 25% from retail and 5% from other two sectors. Q: Last year, you had Rs 38 crore of profit after tax (PAT) on the revenue line of Rs 2,000 crore. This year, if you are going to do Rs 3000 crore in revenue, what will your profit be? A: The profit will go up to Rs 80 crore. Q: Which segment will contribute what in terms of profitability? A: The contribution percentage will remain same as last year. Also read: SRS plunges 30% on debutDiscover 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!
