Thermax Q1 Review - Mixed Quarter; Margins Hit By Raw Material Inflation: Yes Securities

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Yes Securities Report.Thermax Ltd.'s Q1 FY23 result was a mixed bag with a strong 57% YoY revenue growth at Rs 19 billion led by robust execution across segments such as energy (up 61%), environment (up 62%) and chemicals (up 22%).Order inflows came in at Rs 23.1 billion while the order book as of Q1 FY23 stands at Rs 95.5 billion (1.4 times trailing twelve months revenues), providing revenue visibility for one-two years. Ebitda margins remained under pressure owing to elevated commodity prices (steel, aluminium, nickel, styrene, etc.). Thermax sees strong traction in cement, refinery, petchem, power and upcoming sectors such as waste to energy, bioethanol, biomass, etc..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Thermax Q1 Review - Mixed Quarter; Margins Hit By Raw Material Inflation: Yes Securities

Thermax Q1 Review - Mixed Quarter; Margins Hit By Raw Material Inflation: Yes Securities

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