Thermax Q3 PAT may fall 5.6% to Rs 72.1 cr: Poll

Thermax, an engineering solutions provider to the energy and environment sectors, will announce its third quarter (October-December) earnings today. According to CNBC-TV18 poll, analysts expect profit after tax to slip 5.6 percent year-on-year to Rs 72.1 crore due to higher interest cost.

They feel the topline growth will be muted despite low base effect but the company may surprise on the upside with recovery in execution of large value projects. Revenues had declined 18 percent Y-o-Y in Q3FY13.

Total income is seen going up 4.6 percent to Rs 1,095 crore in the quarter ended December 2013 from Rs 1,047 crore in a year ago period.

Order inflows will be a key to watch out for, analysts say.

On the operational front, earnings before interest, tax, depreciation and amortisation (EBITDA) may fall 2.7 percent on yearly basis to Rs 109 crore due to lower gross margin and high base in a year ago period. Operating profit margin is expected to decline 70 basis points year-on-year to 9.9 percent in the quarter gone by.