- Thermax‘s net income for the third quarter was 1.16 billion rupees, marking a significant decrease of 51% year-over-year, and missing the estimated 1.83 billion rupees.
- The company reported a revenue of 25.08 billion rupees, which is an increase of 8.1% from the previous year, but still below the expected 26.99 billion rupees.
- Total costs increased by 8.3% year-over-year, reaching 23.83 billion rupees.
- Raw material costs rose by 4.1% year-over-year to 13.42 billion rupees, below the estimated 14.94 billion rupees.
- Finance costs amounted to 286.6 million rupees, an increase of 7.7% year-over-year, slightly under the estimate of 294.2 million rupees.
- Other income decreased by 40% year-over-year, totaling 351.1 million rupees.
- The board has approved a corporate guarantee to support its unit, First Energy Pvt, for borrowings up to 4 billion rupees.
- Market analyst recommendations for Thermax include 6 buy ratings, 6 hold ratings, and 10 sell ratings.
A look at Thermax Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Thermax Ltd, a company specializing in energy equipment manufacturing, holds promising long-term potential based on its Smartkarma Smart Scores. With a strong resilience score of 5, Thermax demonstrates robustness in navigating market challenges. This resilience is complemented by a growth score of 4, indicating the company’s potential for expansion and development in the future. Additionally, Thermax‘s dividend score of 3 reflects its commitment to rewarding shareholders, contributing to its overall positive outlook.
Furthermore, Thermax‘s focus on value, with a score of 2, showcases its dedication to providing quality products and services at competitive prices, enhancing its attractiveness to investors. Although momentum, with a score of 3, indicates moderate short-term performance, the company’s solid foundation in key areas positions it well for sustained success in the industry. With a diverse product portfolio including boilers, turbines, and environmental control systems, Thermax is well-positioned to capitalize on the growing demand for energy-efficient solutions in the global market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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