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cheapbag214s
Posted: Wed 22:23, 21 Aug 2013
Post subject: Full impact of new unit only in FY13
Full impact of new unit only in FY13,
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In the midcap scene,
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, Mirza International has been catching the interest of investors. It has recently undertaken a plan to expand capacity at its Greater Noida plant.
Rashid Mirza,
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, Managing Director tells CNBC-TV 18 that the company is expecting the increase in capacity to add Rs 120-130 crore in terms of revenue in FY12. But the full impact of the new unit is expected to come in only in FY13.
Q: We understand that there is some capacity expansion which is taking place at your Greater Noida unit,
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, could you tell us when would it be commercially operational and how much would it up your capacity by?
A: We have started a new plant in Greater Noida,
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, which has a capacity of almost 1.2 million pairs of baby shoes per year,
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, which in terms of revenue means about 120-130 crore. At the moment,
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, we have started trial production. In three-four months time,
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, we should start producing. I think by 2012- 13,
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, that unit should be fully operational.
Q: What are you expecting in terms of FY12 in terms of growth and in terms of bottomline as well,
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?
A: FY12 should grow about 10% over FY11,
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, but the full impact of the new unit should come in FY12-13.
Q: Any more capex that you have lined up currently,
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?
A: Yes,
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, we are going to increase the streamline and modernize the existing tannery capacity,
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, which is going to employ another capex of Rs 80-90 crore spread over the next twelve months.
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