Margin pressure will continue even in Q3, says Thermax

Moneycontrol Bureau

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.