Moneycontrol » News » Business » Business News Fri, Sep 07, 2012 at 14:30 Motherson Sumi eyes 40% earnings growth by 2015 Motherson Sumi has recently acquired Peguform and Visiocorp and Vivek Chaand Sehgal, Vice Chairman of the company said, the acquisitions have reaped good returns so far. Franklin Templeton MF  Select from our 6 key mutual funds. Know more & invest online now!www.franklintempletonindia.com   Forex- Spread from 0  Perfect Liquidity. No-Requoteswww.brokers-star.com Ads by Google Markets And Macros SHARE  .  EMAIL  .  PRINT  .  A+ Motherson Sumi  has recently acquired Peguform and Visiocorp and Vivek Chaand Sehgal, Vice Chairman of the company said, the acquisitions have reaped good returns so far. He is pleased with Peguform's performance and its current turnover stands at Rs 15,000 crore. Besides, Motherson Sumi is eyeing 40% earnings growth by 2015. Here is the edited transcript of the interview on CNBC-TV18.                                   Q: A lot of brokerages have been giving thumbs up mainly because your acquisitions, Peguform and Visiocorp are now beginning to pay. First take us through Peguform, what kind of performance can we expect this year? A: I think these are very big acquisitions and we have acquired them at virtually attractive prices. In the first quarter itself Peguform has given a PBT positive after taking into account all the interests and the loans that we have taken. The mirror company has been PBT positive and EPS accretive right from day one. Basically, the message is loud and clear - we acquired good knowhow, good companies and it took a while. In fact in 2005 we had gone out for an FCCB and it took us up to 2009, four years to acquire the first company. We do a lot of detail work before we takeover the responsibility of a company. We are happy with Peguform’s response and we believe that globally it will be a very strong company in the coming time. Q: Some of the brokerages have put out a figure saying that you will probably give an EBITDA earning of Rs 700 crore in the next two years i.e. FY12 to FY14. Is that a fair assessment? A: Peguform is doing about 15,000 crore as turnover, so 700 crore seems a bit on the lower side, isn't it. Q: Tell us what you will do by way of margins, we can calculate the EBITDA? A: We do not give guidance and EBITDA on margins. We always give guidance on ROCE (return on capital employed) and we are sure that by 2014-15 we will give a ROCE close to 40%.