Thermax Q1 PAT seen up 49% YoY to Rs. 87.8 cr: Nirmal Bang

Nirmal Bang has come out with its first quarter (April-June’ 24) earnings estimates for the Capital Goods sector. The brokerage house expects Thermax to report net profit at Rs. 87.8 crore up 49% year-on-year (down 43.7% quarter-on-quarter).

Net Sales are expected to increase by 15 percent Y-o-Y (down 17.7 percent Q-o-Q) to Rs. 1,902.7 crore, according to Nirmal Bang.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 38.7 percent Y-o-Y (down 33.4 percent Q-o-Q) to Rs. 133.2 crore.

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