In an interview with CNBC-TV18, GV Prasad, vice-chairman & CEO of DRL spoke about the company's quarterly performance and future plans.
"The deal has been signed with an existing client in North America for infra management and business process outsourcing services," said Atul Nishar, its chairman in an exclusive interview with CNBC-TV18.
Ashok Leyland's concerns over falling commercial vehical sales rose for June as numbers declined 4.63% to 8,009 units on a year-on-year basis. Vinod Dasari, managing director of Ashok Leyland said rise in retail interest rates have affected the demand of heavy vehicles and the company is, therefore, planning to hike rates by 1-2% ver soon.
In an interview with CNBC-TV 18, SC Kallia, ED at Union Bank of India said that the bank expects slippages worth Rs 1800 crore in FY12, which will reflect in the earnings of first and second quarters of this fiscal.
KL Chandak, ED, West Coast Paper Mills, in an interview with CNBC-TV18 Latha Venkatesh and Gautam Broker, said that the company expects the topline and operating margins to grow by 40% and 28%, respectively, in FY12.
Shares of Hyderbad Industries bucked the market trend by slipping over 3% on the BSE. In an interview with CNBC-TV 18, Abhaya Shankar, managing director of Hyderabad Industries said that the company expects 15-18% topline growth in FY12 on the back of good demand.
C Shiva Kumar Reddy, managing director of the leading telecom products manufacturer said, “The growth has been led from the manufacturing concept the company has managed to sell overseas.” He sees 30% top-line and bottom-line growth in FY12.
According to Ashok Goel, vice chairman and managing director of Essel Propack, "RPLL, REL are perennially sick companies, and the merger will assure the companies get oxygen to survive. Also, this will add 160 million tubes capacity, which ensures that Essel Propack is on growth path."
Stock of the leading manufacturer of ride control products spurted 10% in Monday’s trade. Arvind Walia, managing director of Gabriel India, in an exclusive interview with CNBC-TV18’s Sonia Shenoy and Ekta Batra said that the company hopes to maintain FY-12 EBITDA margins at 11% and a revenue growth of 25% going ahead.
Guruprasad Mohapatra, managing director of India's largest caustic soda producer, in an exclusive interview with CNBC-TV18's Latha Venkatesh and Anuj Singhal, gave his perspective on the company’s strong fourth quarter numbers and the road ahead.
As sales slumped at a fast pace in Jan-March earnings of the leading Mumbai developer, Pujit Aggarwal, managing director of Orbit Corporation, reasoned that the sluggish execution due to several commercial and regulatory norms have delayed supply by about 12-18 months.
Prashant Panday, executive director & CEO of Entertainment Network India Limited (ENIL), in an exclusive interview with Sonia Shenoy and Mitali Mukherjee, said the radio industry benefited from cricket World Cup 2011 in fourth quarter.
Sudhir Agarwal, chief executive officer of Wire & Wireless India, in an exclusive interview with CNBC-TV18's Sonia Shenoy and Mitali Mukherjee, said: "The company has reduced expenses by 17% in FY11 and sees interest costs shrinking going forward.
HSBC Securities downgraded Unitech to underweight from neutral and DLF to neutral from overweight, saying it expecting the real estate companies to miss their FY11 volume guidance and issue conservative FY12 guidance.