MS Unnikrishnan feels the new government should bring policy-conducive environment to ease land acquisition. There‘s a need to cut down on the number of clearances for projects and interest rates should be lowered to prop up the investment climate.
The current good run is based on the calculations by the market that investment cycle is going to catch on. However, there has been no change on the ground level, says MS Unnikrishnan.
The company‘s margins are unlikely to improve in the second half of this financial year unless orders pick up, says MS Unnikrishnan, MD, Thermax.
Growth in key economic sectors like cement, steel and refinery continues to be sluggish, says MS Unnikrishnan, MD, Thermax.
The order carry forward at this point of time is approximately Rs 5,300 crore against Rs 4,900 crore, which is around 20 percent more than the previous year.
MS Unnikrishnan, MD, Thermax says rupee depreciation makes export orders competitive for capital goods companies and one can help combat increasing input costs by that.
In an interview to CNBC-TV18, MS Unnikrishnan, MD, Thermax speaks on winning their petrochemical order of Rs 1700 crore. He expects the project to be completed in 29 months.
Thermax, Chief Information Officer- Anil Nadkarni speaks to moneycontrol.com on how he navigates through the various IT challenges that he faces and the role of cloud.
Capital goods industry mirrors slowdown in steel, cement and infra sectors
Capital goods maker Thermax does not see recovery in orderflow in near term.
Thermax‘s profit has been impacted over some quarters due to losses in subsidiaries. However, since last three to four quarters it has been maintaining the order inflow with the run rate of Rs1,200 crore per quarter.
The biggest positive from the Budget that appears to come for all capital expansion plans or those who have such plans has been that 15 percent investment allowance.
Heavy engineering major Thermax expects its order book to strengthen in early FY14, with much of the business expected to come in from the food processing and oil sectors.
Capital good maker Thermax expects its order book to strengthen in FY14. The Pune-based company saw a sharp fall in profit and revenues in Q3 on the back of slow moving orders in an unfavourable business environment.
In an interview to CNBC-TV18, MS Unnikrishnan, managing director, Thermax, gives his expectations for the company's performance.
Capital goods maker Thermax is hopeful of its order book improving post FY13 on the back of investment cycle picking up in various sectors from where it gets orders.
MS Unnikrishnan, MD, Thermax, says that the company‘s exposure to the power sector in a good year is 25-27%. He also says that the power sector is not in good shape nor the situation is likely to improve in the near term.
In an interview to CNBC-TV18, MS Unnikrishnan, managing director of Thermax says, at the end of the year, the company should be able to have a double digit profitability margin based on the orders and the way the market is moving.
MS Unnikrishnan, MD, Thermax Ltd stated that the industry was keen on measures to control fiscal deficit and check inflation.
In an interview to CNBC-TV18, MS Unnikrishnan, the managing director of Thermax talks about the latest developments happening in his company and sector.
Speaking to CNBC-TV18, MS Unnikrishnan, managing director of Thermax agrees that the industry is seeing a slowdown in order inflows. In fact, going ahead too, the situation remains grim according to him.
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.
In an interview to CNBC-TV18, Thermax managing director, MS Unnikrishnan says the power segment of the company sees lower margins. He says the pricing pressures are also dragging, adding that the power sector order inflow continues to remain weak.
MD of Thermax believes that shrinking margins, increasing competition and commodity costs affect all, but they are ‘better placed than other companies in the capital equipment segment.’
The IIP data stated that the capital goods industry grew only 15.2% in July against 37.7% in the previous month. MS Unnikrishnan, managing director of Thermax told CNBC-TV18 that the situation is very bad since this is a major dive downwards.