In an interview to CNBC-TV18's Sumaira Abidi and Reema Tendulkar, Vyomesh Shah, managing director of Hubtown spoke about latest happenings in the company and the road ahead.
Below is verbatim transcript of the interview
Reema: Have things improved on the ground; will FY15 be better for your company Hubtown as compared to FY14?
A: FY15 looks definitely far better than FY14. The improvements have started coming in this quarter itself. The numbers are showing very improvement, the sales enquires have increased a lot, footfalls have increased a lot. We see lot of movement happening after the change of government at Central level.
Sumaira: Can you tell us what are the exact projects that will come in for revenue recognition this year?
A: We have on going around seven to eight projects and in next quarter with subject to availability of certain key permissions we will be launching around five to six more projects also in residential sector.
Reema: Are real estate prices on the uptrend or do you expect them to stay as they are?
A: Real Estate prices will go up slowly keeping in view with the increase input cost which has gone up drastically and especially in Mumbai the input cost of the permissions, the premiums which we have to pay to the government and the Municipal Corporation has gone up substantially, so keeping inline with that there will be slow increase in sale prices too.
Sumaira: You are heavily concentrated in Maharashtra, 93 percent of your projects are in Maharashtra and that too predominantly in Mumbai suburbs, there is this little bit of work that you do in Gujarat. Are you looking at expanding to fresh cities given the kind of opportunity that tier II cities could be throwing up?
A: We have enough inventory which to be constructed over next two years in Mumbai city and around Mumbai city. So we don't really intend to go outside Mumbai Metropolitan Region (MMR) region in next at least in FY15 up to mid of FY16.
Reema: When you say FY15 will be better could you give us few numbers in terms of what the revenues will be for the company and also how much is the company planning to launch in terms of square of meters?
A: The revenue growth can be anywhere higher by 50 percent to above depending upon the location of the project because now the projects which are at rightly located are doing extremely well and the demands have started flowing in. I see topline improving by more than 50 percent in next year.
Sumaira: You also have some special economic zones (SEZ) I think IT SEZs. Can you tell us what kind of contribution they make to your top line?
A: We have already completed whatever we had begun with. We have one more special economic zones (SEZ) coming up within the heart of the Mumbai city which will be the only SEZ available within the Mumbai city and MMR region. Once we launch it we plan to do much better in that also because that would be the only alternative available for any company who want to set up in Mumbai city in an SEZ.
Reema: What's the current debt on Hubtowns book and is there any plan to pare it down?
A: We have comfortably placed in debt numbers compared to our stock and our valuation and every thing. We are not even 0.8 ratios wise in the debt equity ratio. So we feel that we are at a very reasonable level of debt, we are able to service them and we are of course taking steps to pare it down also and that is what we are doing.
Hubtown stock price
On September 24, 2014, Hubtown closed at Rs 119.90, down Rs 2.9, or 2.36 percent. The 52-week high of the share was Rs 207.00 and the 52-week low was Rs 95.60.
The company's trailing 12-month (TTM) EPS was at Rs 4.19 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 28.62. The latest book value of the company is Rs 232.65 per share. At current value, the price-to-book value of the company is 0.52.
Anda sedang membaca artikel tentang
See 50% topline growth in FY15: Hubtown
Dengan url
http://gayafashionshow.blogspot.com/2014/09/see-50-topline-growth-in-fy15-hubtown.html
Anda boleh menyebar luaskannya atau mengcopy paste-nya
See 50% topline growth in FY15: Hubtown
namun jangan lupa untuk meletakkan link
See 50% topline growth in FY15: Hubtown
sebagai sumbernya
0 komentar:
Posting Komentar