Nirmal Bang has come out with its first quarter (April-June) earnings estimates for the engineering & capital goods sector. The brokerage house expects Thermax to report a 38.9 percent degrowth quarter-on-quarter (growth of 4.9 percent year-on-year) in net profit at Rs 70.5 crore.
Revenues are expected to decrease by 32.4 percent Q-o-Q (up 0.9 percent Y-o-Y) to Rs 992.3 crore, according to Nirmal Bang.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 41.3 percent Q-o-Q (up 1.9 percent Y-o-Y) to Rs 98.2 crore.
EBITDA margin or operating profit margin is likely to be at 9.9 percent in June quarter as against 11.4 percent in March quarter and 9.8 percent in a year ago period.
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