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Somi Conveyor Beltings sees FY09 PAT at Rs 5 cr

Published on Thu, Jul 24 at 22:30 , Updated at Thu, Jul 24 at 14:26
Source : CNBC-TV18

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Somi Conveyor Beltings, a manufacturer of  Rubber Conveyor Belts of various sizes used for industrial applications of material handling in various industries, listed at Rs 37.65 on the BSE against the issue price of Rs 35 at a premium of  7.57%.

Om Prakash Bhansali, Chairman & MD, Somi Conveyor Beltings said that his company may achieve Rs 5 crore profit in FY09.

                                                             

Excerpts from CNBC-TV18's exclusive interview with Om Prakash Bhansali:

 

Q: Our estimates indicate your might do Rs 50 crores in sales and a PAT of about Rs 4 crore, is that the target you have set out?

A: Yes definitely; we may achieve
Rs 5 crore profit.

 

Q: How do you expect your margins to pan out?

A: Regarding margins in terms of percentage, we can definitely say 15%.

 

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