In the 'News Par Views' programme on Thursday, Zee Business Managing Editor Anil Singhvi invited Thermax MD and CEO Ashish Bhandari, who spoke at length about company's Q3 result and likely benefit the company would make from provisioning in the Budget 2021.  

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Talking about the result of the company, Thermax MD and CEO said, " This is a very good result from our point of view. As the economy started doing better, our numbers also started getting better with every month and ultimately helped our performance in the previous quarter. In the last 90 days or during the previous quarter, we can confidently say that the V-shape recovery we talk about was achieved by this company. The numbers reflect this recovery and even if we see further, we have reasonably strong demand."

Talking about order book, he said the company has received Rs 1565 crore order book in this quarter. "This order book is also as same as we received in the last quarter," he said, adding that the company is likely to get more orders with the economy coming back on the track.  

Thermax MD and CEO said we are all surprised with the quick recovery the industry has made after Covid 19 peak. The only concern is the rise in metal prices, he said.  

Talking about benefits from the Budget 2021, Thermax MD and CEO Ashish Bhandari said the company will benefit more from secondary demand than the primary demand.  Explaining it, he said the company's major profit comes from B2B business and from the government and previsions made in relation to water and air in the budget 2021 will help the company but not as much as it will benefit from secondary demand like establishment of textile industry and other industry-related business.