We are extremely confident of increasing our sales substantially, said Vijay Mansukhani, MD of Mirc Electronics.
We will be trying to make this a debt-free company by selling the non-core assets, Vijay Mansukhani, MD of Mirc Electronics said.
Mirc Electronics is a consumer electronics company and manufacturer of the Onida brand of products. In an interview to CNBC-TV18, Vijay Mansukhani, MD of the company spoke about the latest happenings in the company and gave his outlook going ahead.
In an interview to CNBC-TV18, Vipul Mathur, VP sales and marketing of MIRC Electronics says, the LCD, LED segment is showing consistent growth.
MIRC Electronics reported net profit of Rs 9.71 crore in quarter ended March 2011 against Rs 5.19 crore YoY. The company's sales rose to Rs 574.31 crore compared to Rs 393.41 crore YoY.
In an interview with CNBC-Tv18, Gulu L Mirchandani, CMD of Mirc Electronics said, "We have been under pressure for all our products including plastics because, prices of everything related to oil is going up and inflation has been there. There is no choice but to raise the price by nearly 5%."