Thermax Q3 PAT seen up 1% at Rs 101 cr

Total income is seen going up by 9% to Rs 1,353 crore from Rs 1,241 crore year-on-year.

EBITDA is likely to go up 1% to Rs 148 crore from Rs 146 crore during the same period.

Operating profit margin is expected to be at 10.96% versus 11.80% year-on-year.

Highlights

- High base effect and weak order inflows to lead to muted top line growth

- Higher input costs expected to lead to compression in EBITDA margins

- Margin compression also expected due to higher contribution from low margin EPC orders

- Lower EBITDA growth feeds into lower PAT growth

- Order inflows need to be watched closely