With fairly good performance likely in both the domestic and export markets, Rico Auto should be able to grow revenue by 15-20 percent this financial year, says Chairman, CEO & MD Arvind Kapur.
The funding for the Rajasthan plant will mainly be through internal accruals and if there is shortfall only then will Rico Auto approach banks, said CMD Arvind Kapur.
Speaking to CNBC-TV18, Arvind Kapur, CMD of the company says lower trading income led to fall in revenues in the quarter ended December 31.
In an interview with CNBC-TV18, Arvind Kapur, chairman and MD, Rico Auto, talked about the business and the outlook going forward.
The company expects exports to contribute around 23-24 percent to revenue this year from 20 percent in the previous year.
In an interview to CNBC-TV18, Arvind Kapur of Rico Auto spoke about the latest happenings in his company and the road ahead.
Arvind Kapur, managing director, Rico Auto Industries talks to CNBC-TV18 about the latest happenings in his company and the auto ancillary sector.
Arvind Kapur, managing director of Rico Auto said the company is on course to cross the Rs 1000 crore-mark this year. "We are targeting a bottom-line of about 4-5% in coming quarters," he informed.