Q4FY21 Result Update - Thermax - ICICI Direct

Consolidated revenue came in at Rs. 1574.5 crore, up 19% YoY, 11.6% QoQ (above our estimate of Rs. 1552.9 crore) aided by better execution across segments. Energy segment revenue (~74% of revenue) grew 11.8% to Rs. 1175.3 crore YoY while it was up 10.3% QoQ. Environment segment revenue grew 51.6% to Rs. 301.8 crore and chemical segment revenue came in at Rs. 119 crore, up 23.6%, YoY. EBITDA came in at Rs. 139.6 crore, up 120% YoY and down 5.4% QoQ, aided by cost control measures and better execution amid higher raw material cost. Consequently, EBITDA margin came in at 8.9% (vs. our estimate of 9.9%). Adjusted PAT came in at Rs. 107.3 crore, up 3.4% QoQ partly aided by higher other income and lower effective tax rate.

For details, click on the link below: Link to the report

Shares of THERMAX LTD. was last trading in BSE at Rs.1465.95 as compared to the previous close of Rs. 1460.65. The total number of shares traded during the day was 4745 in over 614 trades.

The stock hit an intraday high of Rs. 1479.6 and intraday low of 1430.6. The net turnover during the day was Rs. 6911856.

Source : Equity Bulls

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