Financial Daily from THE HINDU group of publications
Friday, May 26, 2006
Financial Daily from THE HINDU group of publications Friday, May 26, 2006 |
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Corporate
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Interview Thermax eyes 30% growth in profits, revenues
Mr Prakash Kulkarni, Managing Director, Thermax, says the company is eyeing a growth of 30 per cent in revenues and profits. The present position of the order book is at Rs 1,550 crore, with 90 per cent in the energy domain. He says the company would like to maintain its profitability, what it has demonstrated, and that would be the aim. Excerpts from CNBC-TV18's exclusive interview with Mr Kulkarni: Your energy division seems to be growing faster. In the current year do you see the environment division catching up with the growth of the energy division? Definitely growth will be on both fronts, energy as well as environment. We are anticipating overall growth of about 30 per cent, as stated in our press release. For FY07, can you break up your order book for both energy and environment? Our order book stands at about Rs 1,550 crore and roughly 90 per cent would be in the energy domain. All this will be executed within the next three quarters? In the chemical business generally, the orders are, by and large, book and bill, so the cycle time is of 8-15 days and the goods get sold. So to that extent there is no backlog, which is expected. You improved your margins this year and for the quarter. Can you continue to improve margins on this base? Further improvement of the EBITDA margins is definitely expected, but I am not promising that. I think today we have reached a reasonable and respectable number on EBITDA.
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