GNA Axles is trading in the green on the back of a good set of numbers with both topline and bottomline growth coming in at more than 40 percent.
In an interview with CNBC-TV18, Ranbir Singh, president and CEO of the company, shared his views and outlook for the company going forward.
“We are going as per our original guidelines and in first three quarters, we have done over 45 percent growth and still we are maintaining 50 percent export share and 50 percent domestic in our total sales. For Q4 also, we have planned to continue with same production,” he said.
Speaking about his expectations for Q4 growth, he said, “Overall growth will be between 35 percent and 37 percent of this fiscal year.”
On slowdown in class 8 north-American trucks, Singh said, “It has not affected us because there was a lot of gap between demand and supply. Still we are having a good demand for Q4 for class 8 component. The slowdown has happened in Q3 and because there was a lot of gap between demand and supply, still the demand is there so it is not affecting our sales.”
“In India, our total revenue comes around 50 percent of the total turnover and out of that, only 30 percent is commercial vehicle (CV) and 70 percent is off-highway. Even if the CV is down by 20 percent, it is not affecting our topline,” he further mentioned.