Thermax Q3 PAT seen down 2% at Rs 74 crore

MUMBAI: Capital goods major Thermax will be announcing its quarterly results on Tuesday. According to an ET Now poll, the company is likely to report a net profit of Rs 74 crore for the quarter ended December 2013, down 2 per cent, as against a net profit of Rs 76 crore in the year-ago period.

Net sales are seen at Rs 1,098 crore, up 7 per cent, as compared to Rs 1,029 crore in corresponding quarter of the last fiscal year.

EBITDA is seen at Rs 109 crore, down 3 per cent, from Rs 112 crore. Margins are seen at 9.9 per cent versus 10.8 per cent.

Analysts are expecting order wins of Rs 1,500-1,800 crore. They are expecting margins to cool off due to the high base of last year.

Energy segment is seen growing 7-8 per cent and environment segment 5-6 per cent.