"We cannot guess and judge the business from quarter-on-quarter (Q-o-Q) basis. So the yearly guidance of the company remains Rs 1,500 crore like last year", RC Mansukhani, Chairman of Man Industries told CNBC-TV18.
RC Mansukhani, Chairman of Man Industries — a pipes company — told CNBC-TV18 that the company has an order book close to Rs 1,400 crore and expects to bag an order from GAIL on Tuesday.
In an interview with CNBC-TV18, RC Mansukhani, Chairman of Man Industries said that the growth momentum will continue in the coming quarters as the company‘s orderbook stands at Rs 1000 crore.
RC Mansukhani, Chairman of Man Industries believes the company‘s EBIDTA will be higher than usual-- in the range of 12-14 percent-- for the new orders.
In an interview to CNBC-TV18, RC Mansukhani, Chairman of Man Industries, said he expects a good year ahead with a 35 percent topline growth and a strong bottomline.
Margins are in a comfortable position now because the rupee is in the range of 61-62/USD and most of the raw material is imported, says RC Mansukhani, Chairman, Man Industries.
Both Man Industries and Man Infraprojects will be merged and demerged and in the process every shareholder of Man Industries will get one share free in Man Infraprojects. Man Infraprojects is a totally debt-free company.
In an interview to CNBC-TV18, RC Mansukhani, group chairman, Man Industries Limited talks about the latest developments in his company and sector. He also outlines the road ahead for the company in FY12.
Man Industries was out with its Q3 results. Its Q3 FY11 standalone total income was up 0.13% at Rs.439.86 crore versus Rs 439.31 crore, YoY. Its PAT was down 17% at Rs 26 crore versus Rs 31 crore, YoY.