Luthra sees East Asia as the next growth driver for the company's operations and says it is open to entering the defence space as well
Mahindra CIE has been able to keep overall costs down through cost cutting initiatives, says Hemant Luthra, Chairman.
In an interview to CNBC-TV18, Luthra says the margin improvement is expected to seen in the upcoming earnings.
The company has been helped by concessions on electricity duty given by the German government, he says.
Luthra sees East Asia as the next growth driver for the company's operations and says it is open to entering the defence space as well.
Interview transcript to follow:
Mahindra CIE stock price
On January 19, 2015, at 11:13 hrs Mahindra CIE Automotive was quoting at Rs 241.95, up Rs 9.00, or 3.86 percent. The 52-week high of the share was Rs 256.50 and the 52-week low was Rs 46.60.
The company's trailing 12-month (TTM) EPS was at Rs 0.59 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 410.08. The latest book value of the company is Rs 36.00 per share. At current value, the price-to-book value of the company is 6.72.
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