TD Power Systems delivered a good set of Q3 earnings. Losses have also come down significantly for the company. In an interview to CNBC-TV18, Nikhil Kumar, MD of TD Power spoke about the results and his outlook for the company.
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.
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.
In an interview with CNBC-TV18, Nikhil Kumar, MD, TD Power Systems, discussed his company's third quarter earnings. The firm today reported a net loss of Rs 5.66 crore on revenues of Rs 112.83 crore.
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.
Nikhil Kumar, managing director, TD Power Systems says domestic market is enroute to recovery too.
In an interview to CNBC-TV18, Nikhil Kumar, joint managing director, TD Power Systems Ltd says that post Siemens AG agreement the company plans to capture a decent market share.