Ashok Kumar Bansal

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.

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 & Textiles expect growth at 15-20% pace

In an interview to CNBC-TV18, Ashok Kumar Bansal, chairman and managing director of Hanung Toys and Textiles spoke about the latest happenings in the company and the road ahead.

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.