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Sales of Thermax are expected to increase by 24.2 percent Q-o-Q (down 10.1 percent Y-o-Y) to Rs 1,071.5 crore, according to Motilal Oswal.
BHEL's backlog of around Rs 1,10,000 crore with three year execution track record would give it a revenue line of somewhere around Rs 35,000-40,000 crore in the next few years. To that extent this revenue decline was anticipated. L&T is better off because other companies in the space have had 10-15 percent decline
Emkay Equity Advisory expects Thermax to report a 38.1 percent degrowth quarter-on-quarter (growth of 6.2 percent year-on-year) in net profit at Rs 71.4 crore.
Motilal Oswal expects Thermax to report a 43.1 percent degrowth quarter-on-quarter (degrowth of 2.4 percent year-on-year) in net profit at Rs 65.6 crore.
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.
Capital goods maker Thermax is expected to post 11% decline in its March quarter profit as big-ticket orders were hard to come by in preceding quarters.
Nirmal Bang has come with its March quarterly earning estimates for capital goods sector. According to the research firm, capital goods sector is expected to report subdued performance for an otherwise seasonally strong January-March quarter.
Kotak Securities has come with its March quarterly earning estimates for capital goods sector. The research firm expects aggregate revenue growth of capital goods sector to be 6.7% YoY in the Mar-ending quarter, driven mainly by L&T, Cummins, and other midcaps and aggregate PAT is expected to post modest growth of 2.7% yoy in Q4 FY13.
Capital good maker Thermax expects its order book to strengthen in FY14. The Pune-based company saw a sharp fall in profit and revenues in Q3 on the back of slow moving orders in an unfavourable business environment.
Capital good maker Thermax is likely to see an around 11.8% (year-on-year) decline in net profit on slow execution of existing orders, according to CNBC-TV18 poll. Sales too will be down around 6.3% YoY, due to poor growth in order book. The company will announce Q3 number later in the day.
Nirmal Bang has come with its December quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to report modest revenue growth of 1.0% YoY at Rs 219 bn.
Angel Broking has come with its December quarterly earning estimates for Capital Goods (CG) sector. According to the research firm, companies in our capital goods (CG) universe are expected to post a moderate cumulative top-line growth of 7.4%.
Thermax's profit after tax is expected to go down by 17.3 percent year-on-year to Rs 84 crore in the quarter ended September 2012.
Angel Broking has come with its September quarterly earning estimates for Capital Goods (CG) sector. According to the research firm, companies in our capital goods (CG) universe are expected to post a moderate cumulative top-line growth of 13%.
Angel Broking has come with its June quarterly earning estimates for Capital Goods (CG) sector. According to the research firm, companies in our capital goods (CG) universe are expected to post moderate cumulative top-line growth of 7.9% yoy.
Prabhudas Lilladher has come with its June quarterly earning estimates for capital goods sector. According to the research firm, capital goods companies are expected to grow by 3.5% YoY in Q1FY13.
Thermax, an engineering solutions provider to the energy and environment sectors, is expected to report a profit after tax at Rs 115 crore for the fourth quarter of FY12, a fall of 9% as compared to Rs 126 crore in a year ago period, according to CNBC-TV18 poll.
Angel Broking has come with its quarterly earning estimates on capital goods sector for March 2012. The research firm expects, companies in capital goods (CG) universe to post average top-line growth of 10.9%.
Prabhudas Lilladher has come with its March quarterly earning estimates for capital goods sector. As per the research firm, the end of tightening cycle and meaningful reforms will be the key for the sector to move from underperformance to outperformance.
Thermax is expected to report a profit after tax of Rs 101 crore in the October-December quarter of FY12, a growth of just 1% as compared to Rs 100 crore in a year ago quarter.
Capital goods maker Thermax Ltd has posted a 14% rise in its July-Sept quarter net profit at Rs 102 crore year-on-year despite high inflation and commodity prices.
In an interview to CNBC-TV18, Thermax managing director, MS Unnikrishnan says the power segment of the company sees lower margins. He says the pricing pressures are also dragging, adding that the power sector order inflow continues to remain weak.
Angel Broking has come out with its earning estimates on capital goods sector for the quarter ended September 2011. According to the research firm, Thermax September quarter net sales are expected to go up by 7% at Rs 1168 crore, year-on-year (YoY) basis.
Thermax is expected to report a 13% rise in first quarter FY12 profit after tax to Rs 74.70 crore against Rs 66.17 crore in the year ago period.
Angel Broking has come out with its earning estimates on capital goods for the quarter ended June 2011. According to the research firm, Thermax June quarter sales are expected to go up by 14.1% at Rs 901crore, year-on-year, (YoY) basis.