Thermax share price was trading over 2 per cent higher in the morning trade today though analysts expect Q2 profit to fall. Energy and environment engineering company - Thermax is expected to post dismal performance for July-September quarter (Q2). Profit on standalone basis is likely to fall by 9.2 per cent year-on-year (YoY) to Rs 59 cr and revenue may slip 9.3 per cent to Rs 959 cr in Q2, according to analysts polled by the media.
Earnings before interest, tax, depreciation and amortization or EBITDA may drop 13 per cent to Rs 86 cr and margin is expected to be at 9 per cent in Q2. Likely weak order inflow might mean continuing drop in revenue for the September quarter. With no major announced order inflows, market analysts expect stagnancy in order book to continue.
Key factors to watch out for would be outlook on order inflows and guidance on loss reduction in ancillaries.
Meanwhile, Thermax share price was trading 2.25 per cent higher at Rs.867 on the NSE. The stock opened at Rs.865 from a previous closing of Rs.847.90. As of 11:14 IST, the day’s high of the stock stood at Rs.870 while the day’s low read at Rs.852. The traded volume stands at 4015 shares with a traded value of Rs. 34.64 lac.
Thermax is a well analyzed stock based on Dynamic Levels Researchers’ fundamental & technical research. According to Dynamic Levels Researchers, this stock belongs to the top 500 group out of the 1700 scrips listed on the NSE. The stock is traded in very high volumes. The scrip can be a good investment and can give you high returns, as per market analysts. The Thermax share has great potential to grow in the long-term. Dynamic Levels Researchers have recommended investment in it for the present quarter. For more details, please visit Thermax share price history.
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