Скачать или смотреть MD & CEO Ashish Bhandari Comments on Q2 Results | CNBC Bajar Earnings | 12 Nov 2025

In a conversation with CNBC Bajar Earnings, MD & CEO Ashish Bhandari reflected on Thermax's FY ‘26 Q2 performance—addressing the dip in margins, project cost overruns, and the absence of last year’s government incentive. While Q2 presented short-term pressure on profitability, he highlighted strong order inflows, especially from international markets, including a major oil & gas project.

He also emphasised that Thermax expects over 20% year-on-year growth in the remaining quarters, supported by Industrial Products, Industrial Infra, Chemicals, and expanding Green Energy solutions. He also shared that clean-tech and renewable businesses are poised to contribute nearly 15% to the company’s revenue mix within the next three years. Despite a challenging quarter, the overall outlook for the remaining financial year remains robust and optimistic.