Q1 FY’23 update and future outlook by Ashish Bhandari | CNBC-TV18 Earnings Central | 03 Aug 2022
Ashish Bhandari, MD and CEO, Thermax, on CNBC-TV18, gives an overview [...]
Ashish Bhandari, MD and CEO, Thermax, on CNBC-TV18, gives an overview of the past quarter. He states that the tough raw material price increase cycle affected March and April, particularly impacting the chemical and environment businesses. Some relief in commodity pricing thereafter helped to improve the revenue in June, giving confidence for a better Q2 and Q3 that is backed by a strong order book.
Additionally, he anticipates double-digit profitability in the chemical business. Likewise, the environment business is expected to expand with the backlog orders.
Ashish also discusses the recent investments in digital and energy management services intended to strengthen our digital and renewable energy portfolio.Show More