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Earnings

Thermax Q1 results today: Profit likely to rise 22%

Updated : August 08, 2019 08:25 AM IST

Thermax will be reporting its first-quarter earnings on Thursday and analysts expect the company to report a double-digit profit growth this time around.

  • Revenue expected to rise in double digits because the opening orderbook is strong. The street is expecting that the execution momentum will be sustained.

  • Margins are likely to expand by around 100 basis points (bps) because there is a bit of commodity tailwind. The profit is expected to show a faster jump of around 22 percent.

  • In terms of the internals, both the energy segment as well as the chemical segment is expected to report double-digit growth. The analysts are working with topline growth of around 15 percent.

  • The order inflow may remain tepid.
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