Strong order book and execution led to strong revenue growth in fourth quarter, said RC Mansukhani, Chairman, Man Industries.

Talking about debt, he said, "The term debt has reduced, it was around Rs 300 crore last year and now it is coming to around Rs 180 crore total debt in the books.”

“Finance cost this quarter has increased because of inventory and we have given long-term bank guarantees to our clients," Mansukhani to CNBC-TV18.

"Similar growth will continue, so I am expecting guidance for the current year to be 30-40% increase in topline as well as it will continue on the bottomline also,” Mansukhani said.

Man Industries posted a mixed set of earnings this quarter.