We focus on gross margins & on our working capital reduction, says Thirumalai Chemicals
- 5 years ago
Thirumalai Chemicals has disappointed this quarter with an extremely weak operational performance. EBITDA has fallen to Rs 26 crore from Rs 80 crore in the same quarter last year and margins have crashed to 8 percent versus 23 percent in the same period. R Parthasarathy, MD of Thirumalai Chemicals shared his views and outlook for the business going forward.