Thermax Q4 net profit seen down 14% at Rs 112 crore

MUMBAI: Capital Goods major Thermax is likely to report a net profit of Rs 112 crore for Jan-March 2013 quarter, down 14 per cent, as compared to a net profit of Rs 130 crore in the same period last fiscal.

Net sales for the fourth quarter is seen at Rs 1,534 crore, down 8 per cent, as compared to Rs 1,661 crore in the same quarter, a year ago.

The EBITDA is seen at Rs 163 crore, down 12 per cent, as compared to Rs 185 crore and margins are seen at 10.6 per cent as compared to 11.1 per cent.

According to analysts, the order inflow of Thermax is likely to be weak for the quarter. While energy vertical is likely to witness growth, revenues from the business are expected to decline. They see orders inflow of Rs 1,200 – 1,300 crore for the fourth quarter.