First half of the fiscal saw a strong order book, says Nikhil Kumar, MD of TD Power Systems.
"We are seeing big decline in the domestic market though we will report profit in FY17", Nikhil Kumar, MD of TD Power System told CNBC-TV18.
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While the standalone business has performed better than last year, the company has made losses on a consolidated basis as it shut down the loss-making engineering, procurement and construction (EPC) division and EPC subsidiary company, taking a one-time hit, says Nikhil Kumar, MD of TD Power System.
TD Power has guided for 5 to 10 percent growth in revenues in the current fiscal, with EBITDA margins remaining unchanged at 11-12 percent.
In an interview to CNBC-TV18, Nikhil Kumar, MD, TD Power System spoke about the results and his outlook for the company.
Ahead of third quarter numbers, TD Power's Nikhil Kumar spoke to CNBC-TV18 about his faith in second half of the year and confidence in meeting targets.
TD Power Systems managing director Nikhil Kumar says it did not do well in the first quarter, but came back in the second quarter with better numbers. He says overall the company‘s performance in the first half of the fiscal year was decent. Going ahead, in the second half, he expects the performance to be better.
Air-conditioner generator makers TD Power Systems plan to raise around Rs 227 crore. In an interview to CNBC-TV18, TD Power Systems' joint managing director, Nikhil Kumar said that the company would use this money to reduce their debt and in constructing a new factory and project office in Bangalore.