Thermax Q4 PAT seen up 19% at Rs 118 cr

Pune-based energy and environment solutions' provider Thermax is set to report fourth quarter FY11 profit after tax of Rs 118 crore, a 19% growth as compared to Rs 99 crore in same quarter the previous year, according to CNBC-TV18 estimates.

Total income for the quarter ended March 2011 is expected to increase 23% to Rs 1,496 crore from Rs 1,219 crore in same quarter of 2010.

Earnings before interest, tax, depreciation and amortisation (EBITDA) is seen going up by 24% to Rs 181 crore versus Rs 146 crore on year-on-year basis. Operating profit margin is seen steady at 12%.
 
For the financial year 2010-11, Thermax is expected to report 45% growth in total income of Rs 4,608 crore as against Rs 3,185 crore in FY10.

Profit after tax is seen going up by 46% to Rs 374 crore from Rs 256 crore and EBITDA is likely to jump by 44% to Rs 552 crore from Rs 384 crore.

Expectations
-Expect company to incur exceptional losses on Purolite settlement
-Revenue might surprise on the higher side, owing to continued execution growth
* Expect strong execution given the strong order carry of Rs 7100 crore from Q3FY11
* Expect fresh order intake to remain flat YoY at Rs 1400 crore
* Despite having good enquiries, order finalization is taking time due to various macro concerns
* Energy segment to post healthy growth on the back of robust order backlog
-Revenue growth likely to be moderate versus very strong growth in 9MFY11 led by base effect
-Order intake is expected to remain muted
-Expect OPM to remain flat on a YoY basis