- Thermax‘s net income for the second quarter was 1.97 billion rupees, which is 25% higher year-over-year and exceeded the estimated 1.8 billion rupees.
- The company’s revenue reached 26.1 billion rupees, marking a 13% increase from the previous year and surpassing the 25.59 billion rupees estimate.
- Total costs for the quarter amounted to 24.1 billion rupees, showing a 12% rise from the same period last year.
- Raw material costs were 14 billion rupees, up by 13% year-over-year.
- Finance costs surged by 48% to 293.9 million rupees, higher than the forecasted 279.2 million rupees.
- Other income decreased by 9.2% to 597.7 million rupees compared to the previous year.
- Despite the positive earnings report, Thermax‘s shares fell by 4%, trading at 4,908 rupees with 40,951 shares exchanged.
- Analyst ratings include 5 buys, 8 holds, and 9 sells.
A look at Thermax Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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 manufacturing energy equipment, is positioned for a positive long-term outlook according to Smartkarma Smart Scores. With impressive scores in Growth, Resilience, and Momentum, Thermax shows promising signs of sustainable expansion and stability in the market. The company’s focus on innovation and adaptability has contributed to its strong performance in these areas, reflecting a robust foundation for future growth.
While Thermax scores moderately in Value and Dividend categories, the company’s stellar ratings in Growth, Resilience, and Momentum outweigh these factors, indicating a solid overall outlook. With its diverse product divisions and strategic alliances for producing a range of equipment, including boilers, turbines, and pollution control systems, Thermax appears well-positioned to capitalize on evolving market needs and maintain its upward trajectory in the long run.
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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