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Margin pressure will continue even in Q3, says Thermax
Capital goods maker Thermax Ltd has posted a 14% rise in its July-Sept quarter net profit at Rs 102 crore year-on-year despite high inflation and commodity prices.
Capital goods maker Thermax Ltd has posted a 14% rise in its July-Sept quarter net profit at Rs 102 crore year-on-year despite high inflation and commodity prices. The reason for such a growth amid non-conducive environment is that the company has multiple portfolios to fuel growth, says MS Unnikrishnan, chairman and managing director at Thermax.
Though, the order book at Thermax has shrunk 12% during the quarter under review, Unnikrishnan says his company is better placed then its peers at a time when there is gloom in the capital goods sector.
Click on the audio icon to catch Unnikrishnan's interview with moneycontrol.com's Shaheen Mansuri.
