Despite the talks equity raising earlier this year, in an interview to CNBC-TV18, Anil Jain, managing director of Jain Irrigation says the company is not looking to raise any equity due to the current market condition. "We will be open to private equity funding only at a significant premium," Jain further says.
He also says that the company’s focus at present remains on improving the cash flows. "After the next fiscal, we should have free cash flow coming in and should be able to maintain a good rate of growth. We expect the bottom-line to improve at a faster rate than the top-line," he says, adding that the company expects to see EBITDA at Rs 1,000 crore in FY12.
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He also says that the company’s focus at present remains on improving the cash flows. "After the next fiscal, we should have free cash flow coming in and should be able to maintain a good rate of growth. We expect the bottom-line to improve at a faster rate than the top-line," he says, adding that the company expects to see EBITDA at Rs 1,000 crore in FY12.
....more info