Dec 26, 2013, 10.48 AM IST
Anil Rai Gupta, Joint Managing Director, Havells India, believes the Indian economy is bottoming out and a turnaround in sentiment should increase demand for its products.
Tags Havells India, profit, margin, Anil Rai Gupta, Sylvania
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Expect margins to rise to 13% in FY15: Havells
Anil Rai Gupta, Joint Managing Director, Havells India, believes the Indian economy is bottoming out and a turnaround in sentiment should increase demand for its products.
Like this story, share it with millions of investors on M3
Expect margins to rise to 13% in FY15: Havells
Anil Rai Gupta, Joint Managing Director, Havells India, believes the Indian economy is bottoming out and a turnaround in sentiment should increase demand for its products.
About 25 percent of the company's business comes from the industrial segment, which tends to be an early indicator of the economy, he told CNBC-TV18 in an interview. "That segment had started de-growing at the start of the year and has now inched up to 10 percent growth. We believe this will be followed by a revival in the consumer business, which is 75 percent of our business."
"Our company-level net profit margins had slowed down to 10 odd percent. We expect them to increase to 13-13.5 percent by next year," he said.
Also read: Qimat Rai Gupta's old-world leadership powers Havells
When asked about analysts' concerns over sluggish growth at its 2007 acquisition, Sylvania, Rai said the company had turned profitable and even as the economic situation in Europe remained challenging, he expected 5-6 percent profits at the operating level going forward.
This article will be updated shortly.
Havells India stock price
On December 26, 2013, at 11:13 hrs Havells India was quoting at Rs 797.05, up Rs 15.45, or 1.98 percent. The 52-week high of the share was Rs 817.00 and the 52-week low was Rs 556.80.
The company's trailing 12-month (TTM) EPS was at Rs 34.03 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 23.42. The latest book value of the company is Rs 149.83 per share. At current value, the price-to-book value of the company is 5.32.
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