GST will have a temporary setback but it won’t hurt beyond a level, said MS Unnikrishnan, MD & CEO, Thermax to ET Now.
It is a bit of a drag if I am looking at your top line and profit figures so is this an indication of the performance to come or is this just a one off?
Certainly it is an indicator of what is happening in the market but better results than what even we expected for quarter barring some one off expenses taken. Despite having a reduced intake of orders and the top line having dropped by 13%, we have been able to retain the balance sheet at the bottom line, with a drop of only 2-2.5%. So that is an improvement of the percentage profitability. Normally when you have a dropping on the top line happening bottom line also disproportionately comes down. Read More…