Thermax is expected to report a profit after tax of Rs 101 crore in the October-December quarter of FY12, a growth of just 1% as compared to Rs 100 crore in a year ago quarter.
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
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