Thermax Q1 PAT seen up 75.7% YoY to Rs. 57 cr: ICICI

ICICI has come out with its first quarter (April-June’ 18) earnings estimates for the Capital Goods sector. The brokerage house expects Thermax to report net profit at Rs. 57 crore up 75.7% year-on-year (down 33.5% quarter-on-quarter).

Net Sales are expected to increase by 20 percent Y-o-Y (down 34.7 percent Q-o-Q) to Rs. 855.9 crore, according to ICICI.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 69.5 percent Y-o-Y (down 51.5 percent Q-o-Q) to Rs. 72.7 crore.

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