Core Projects & Technologies - Interview with CMD (IT Education stocks)

Myiris.com interviewed Mr.Mansotra, CMD, Core Projects & Technologies recently.

Q). Core projects has been growing very rapidly since last couple of years. What is your perception about the current numbers and what would be your company's short term and long term strategy in next 2 to 3 years?

Ans.Our current year's guidance for top line is at Rs. 450 crs on a consolidated basis with a bottom line of about Rs. 80 crs. Our international business will grow at about 30 percent organically. On the India front, we are expecting to make substantial inroads on projects under the Sarva Shiksha Abhiyan initiative. The collaboration with CHL, a NASA sponsored institution, is also expected to contribute a lot to the company's business profile.

Q). What growth and profitability do you expect for current and next fiscal? Which segment would contribute maximum to the revenues?

Ans. We should be doubling our revenue every year for the next three years. Education is expected to contribute about 87% revenues in FY 10.

....read the full interview here.

I've written about this sector and the companies within [link, link]. The stock bore the brunt of the recent crash on the bourses. It has lost more than 50% of its value from the peak. Nevertheless, one can consider this stock (after proper due diligence, i.e.) as a long term call option, which if clicks can be a decent multi-bagger.