HomeEarnings NewsIn wait-and-watch mode for now, says Thermax CEO

In wait-and-watch mode for now, says Thermax CEO

“Future holds fair bit of activity, we are optimistic but in a wait and watch mode,” said Ashish Bhandari, MD and CEO of Thermax in an interview with CNBC-TV18.

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By Surabhi Upadhyay   | Latha Venkatesh   | Anuj Singhal  November 5, 2020, 11:43:59 AM IST (Updated)

In wait-and-watch mode for now, says Thermax CEO
Thermax’s second quarter numbers were broadly in line with market expectations.


“Future holds fair bit of activity, we are optimistic but in a wait and watch mode,” said Ashish Bhandari, MD and CEO of Thermax in an interview with CNBC-TV18.

He said the company was focusing on basics and keeping costs under control.

Capacity utilisation now is above 90 percent, he said.

The company has a fair bit of visibility on the customers opting for sustainability projects. “Our backlog overall has started to come closer to our runrate in Q3 and Q4. There you will see positive momentum for sure. We are seeing movements on sustainability based projects,” he said.

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