TV Interviews

Ashish Bhandari on Q4 FY‘24 Results, Growth and Margin Strategies | CNBC TV 18 | 13 May 2024

In a conversation with CNBC TV18, MD and CEO Ashish Bhandari discusses Thermax's recent Q4 earnings. The company recorded revenue growth of 20 percent, driven by the Industrial Products and ...Industrial Infra segments. Ashish addresses the potential for improvement in the Industrial Infra business, emphasising the need for profitable orders and better margins. He also discusses the company's international exposure and plans for export growth.

He acknowledges the challenges of achieving double-digit margins due to input costs in the near term but expects improvement over time. Further, he talks about Thermax's conservative approach to borrowing, ensuring debt remains manageable and specific to renewable energy projects.
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