In an interview with CNBC-TV18, Jitendra Mamtora, Chairman, Transformers and Rectifiers India, said topline can be anywhere between 800 and 900 and earnings before interest, tax and amortization (EBITDA) will remain in the range of 10-11 percent.
In an interview to CNBC-TV18 post first quarter earnings, Jitendra Mamtora, Chairman of Transformers & Rectifiers said he is confident the company will report profits for the full year.
Given the big thrust on electrification – 6,600 km of rail that the government wants electrified - Jitendra Mamtora, chairman of Transformers and Rectifiers believes this will improve the performance of the industry as a whole.
With a sound order book, Transformers and Rectifiers aims at achieving more record productions than the previous year.
Jitendra Mamtora, CMD, Transformers and Rectifiers India, says in an interview to CNBC-TV18, says that distribution companies continue to pose problems for the company. Mamtora adds that the company plans to post a revenue of over-Rs 700 crore and EBITDA margins of close to 8 percent for FY14.
Jitendra Mamtora, CMD, Transformers & Rectifiers said 2013 is going to be a golden period for the industry.
In an interview with CNBC-TV18, Jitendra Mamtora, CMD of (India) Ltd, spoke about the company’s results and the road ahead.