Below is the verbatim transcript of Suresh Kris interview on CNBC-TV18
Q: Can you just tell us about this land that you purchased? From whom did you purchase it, what is the exact size of the land and how have you funded it?
A: This amount or the land parcel is from Hindustan Coca-Cola. The land extent is around 2.25 acres. Cost is about Rs 69 crore. We have done it yesterday. This is in Hebbal, which is the happening place in Bengaluru.
Q: Could you tell us how you have financed this land buy of Rs 69 crore?
A: Rs 16 crore is out of our internal accruals. It is for the land so we cannot go and borrow. So, this is basically out of our internal accruals.
Q: You have used up part of your internal accruals for this so what will be the pending cash or the pending internal accruals on your books post this?
A: Still we have money for this but anyway we will be having other sales which we will be receiving from Coca-Cola for another commercial space. So, that will be close to around 88,000 square feet which they will also buy may be during January. That will be for about Rs 77 crore. So, again we would be having huge inflow of money.
Q: What will this land be used for?
A: We are thinking for commercial use for development of office space.
Q: What development of office space, can you just give us more clarity on that? As in what would be the timeline look like, etc.
A: Timeline, about three years we will take because we have to go in for approvals and so many things. We will be able to develop around 3.5- 4 lakh square feet on this land.
Q: Could you tell us a little more about the sales tie-up which you spoke about with Coca-Cola which will give you Rs 77 crore? How soon will that money come to you, what is the nature of this tie-up, any more deals that you have lined up?
A: For this purpose they maybe purchasing a commercial space from us which could be the Indian head office for Coca-Cola. It will take around 1.5 years to complete our commercial project which is opposite this land. It is called Brigade Magnum.
Q: Anymore land acquisitions that you have planned say within the next 6-12 months?
A: We are looking for good parcel of land. When it happens I will come to you.
Q: Can you just give us an update on the sales that the company has seen in Q3, what will it look like, what is the run rate and by the end of FY14, have you changed your sales guidance or volume guidance at all?
A: We still we have to finalise the Q3 and we have another one quarter. However,definitely there will be an increase on year-on-year (YoY) and quarter-on-quarter (QoQ). I don't want to commit any final or indicative numbers now.
Brigade Ent stock price
On December 27, 2013, Brigade Enterprises closed at Rs 63.45, up Rs 0.45, or 0.71 percent. The 52-week high of the share was Rs 102.80 and the 52-week low was Rs 45.10.
The company's trailing 12-month (TTM) EPS was at Rs 5.41 per share as per the quarter ended September 2013. The stock's price-to-earnings (P/E) ratio was 11.73. The latest book value of the company is Rs 107.62 per share. At current value, the price-to-book value of the company is 0.59.
Anda sedang membaca artikel tentang
Brigade Ent buys land in Bengaluru for Rs 69 cr
Dengan url
http://kebugaranhidup.blogspot.com/2013/12/brigade-ent-buys-land-in-bengaluru-for.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Brigade Ent buys land in Bengaluru for Rs 69 cr
namun jangan lupa untuk meletakkan link
Brigade Ent buys land in Bengaluru for Rs 69 cr
sebagai sumbernya
0 komentar:
Posting Komentar