Thermax's third quarter profit after tax is seen rising 23.7 percent year-on-year to Rs 82.4 crore, according to the average of estimate of analysts polled by CNBC-TV18.
Thermax 's third quarter profit after tax is seen rising 23.7 percent year-on-year to Rs 82.4 crore, according to the average of estimate of analysts polled by CNBC-TV18.
Total income is seen going up 15 percent to Rs 1,166 crore during the quarter from Rs 1,014 crore in same quarter last fiscal due to execution of few large projects (including Rs 1,700 crore project awarded in FY14 by Reliance) and strong order book of Rs 6,120 crore (up 25 percent Y-o-Y) at the start of the year.
Analysts expect base effect to help earnings in Q3 and Q4 Y-o-Y. As the Reliance project win ramps up, company's topline may start reflecting execution benefits, say analysts.
Operating profit may jump 31 percent year-on-year to Rs 119 crore and margin may expand 120 basis points to 10.2 percent in the quarter ended December 2014.
According to them, margin improvement in energy segment may be offset by margin contraction in environment segment.
Order inflows may continue to remain weak as Thermax failed to announce any major order during the quarter (it bagged only an EPC order worth Rs 351 crore), say analysts.
Key factors to watch out for are topline and order inflow guidance for FY16; losses in water & waste solutions and margin decline in air pollution control could be negative surprises; guidance of export business prospects and update on enquiry activities; and outlook on the subsidiaries.
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Thermax Q3 profit may rise 23.7% to Rs 82.4 cr: Poll
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