Below is the edited transcript of his interview to CNBC-TV18.
Q: The disappointment in stock is visible as the the margins have dipped to 7.2 percent versus 9 percent compared to last quarter. How has the operational performance been and how much margin trajectory you expect in the next couple of quarters?
A: There has been a slight slowdown in our quarter-on-quarter margins. The export markets have been sluggish and slower than expected. A clear slowdown is seen in Latin America and European markets and overall macro economic mix situation.
There is continuous bad news from the automakers in replacement segment and the volumes have been flat. We have increased our OEM sales but exports and replacement markets have impacted our performance.
Q: How do you see the interest cost moving. Do you expect more reduction going forward?
A: Our interest cost has come down because of overall better working capital management. We will continue to focus on that. We expect our interest cost to come down by some crores, but I don't see much impact of reduced interest cost going forward.
Q: How much revenue trajectory are you expecting going ahead, considering export and replacement segment slowdown? How much revenue will the company post at the end of FY13?
A: Our overall revenues should improve as our Halol plant is slowly ramping up to about 65-70 percent utilization. We expect to reach 90 percent plant utilization by the end of the year. I expect the revenues to increase in the Q3 and Q4. Historically, Q2 is a slower quarter due to monsoon season. I expect slight better revenue and profitability in the Q2.
Q: Will margins again touch double digit levels as rubber prices cool off and availability of Holol capacity. Will you be able to get back to 10 percent margin levels or too much of a stretch at this point?
A: We expect margin levels to be around 8-10 percent as we will start to utilize low-cost natural rubber which will come in the Q3. In the past 2-3 weeks, the prices of rubber has come down with low raw material, increased in sales of radial tyres which will give us better realizations which should result in better value addition and net margin improvement.
Q: There has been slow down in Sri Lankan market, many OEM manufacturers also have exposure there. Do you see any recovery this time around or up coming quarters?
A: Our Sri Lankan venture is doing pretty well. In fact that is one area that has really outperformed in Ceat and is continuing to look good. We are a bit restricted because of our capacity so we sell everything that we produce. We plan to go ahead with some expansion in that market. Currently, we are more restricted by supply rather than demand.
Anda sedang membaca artikel tentang
Export slowdown hits Ceat's profit margin: Anant Goenka
Dengan url
https://kebugaranhidup.blogspot.com/2012/11/export-slowdown-hits-ceats-profit.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
Export slowdown hits Ceat's profit margin: Anant Goenka
namun jangan lupa untuk meletakkan link
Export slowdown hits Ceat's profit margin: Anant Goenka
sebagai sumbernya
0 komentar:
Posting Komentar