Thermax Q1 net seen up 4.9% at Rs 70.5 cr: Nirmal Bang

Nirmal Bang 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.

July 24, 2013 / 18:20 IST

26 Aug, 2025 12:21

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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.

first published: Jul 24, 2013 06:20 pm

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