Hanung Toys & Textiles reported a net loss of Rs 33.06 crore in the March quarter due to which the stock crashed 19 percent on Thursday. The company CMD, AK Bansal, blamed high depreciation and financial costs as reason for its poor performance.

Hope to maintain 25-30% growth rate ahead: Hanung Toys

Ashok Kumar Bansal, CMD of Hanung Toys is hopeful of maintaining 25 to 30 percent growth rate going forward. He also expects to keep EBIT margins at 18 percent.

Hope to post 25% growth for the year: Hanung

Ashok Kumar Bansal, CMD, Hanung Toys and Textiles Ltd explains to CNBC-TV18 that profit fell despite rise in sales due to additional depreciation and cost of finance. Bansal adds that textile exports have grown 30% over last quarter and expects to continue to post 25% growth over the rest of the year.

See revenue growth of 20-25% ahead: Hanung Toys

Hanung Toys and Textiles has declared its third quarter results. The company’s profit is down 32%. Ashok Kumar Bansal, chairman and managing director of Hanung Toys and Textiles says, profit was primarily hit owing to high interest costs. He further says, the company is targeting a revenue growth of 20-25%.

Hanung Toys cuts down capex plan from Rs 720cr to Rs 350cr

Chairman and managing director Ashok Kumar Bansal indicated that the company has cut down its capex plan from Rs 720 crore to Rs 350 crore in last couple of months. However, Bansal feels that the main impact is due to the finance cost.

US market a prime revenue driver, says Hanung Toys

Ashok Kumar Bansal, chairman and managing director of Hanung Toys and Textiles said that rising interest rates have affected the company’s profit. "US market is a key to our revenue growth; 75% of our revenue comes from exports," added Bansal.

Expect 20% revenue growth in FY12: Hanung Toys

Ashok Kumar Bansal, chairman and managing director of Hanung Toys says the acquisition of Cody Direct Corp will help in dealing with US customers directly,thus, boosting EBITDA margings going forward. For FY2012, he sees minimum 20% revenue growth.

Hanung Toys to use GDR proceeds for funding capex plans

In an interview with CNBC-TV18, Ashok Kumar Bansal, CMD, Hanung Toys and Textile spoke about the company's GDR issue which will close on April 27.

See FY11 PAT margins at 11%; sales at Rs 1100cr: Hanung

"We are expecting to cross Rs 1,100 crore in the current year with a PAT of close to 11%," says Ashok Kumar Bansal, chairman and managing director (CMD), Hanung Toys and Textiles.