Thermax‘s net income for the 4th quarter met estimates, climbing to 1.9 billion rupees, which is a year-over-year increase of 22%.
The revenue stood at 27.6 billion rupees, observing a 19% increase from the same period last year. The estimated revenue was 27.01 billion rupees.
The total costs went up to 25.7 billion rupees, marking a 20% increase year-over-year.
Raw material costs also increased, reaching 15.3 billion rupees, which is a 21% increase from the previous year.
However, the finance cost exceeded estimates, reaching 278.1 million rupees compared to the estimated 252.2 million rupees, and up from 139.2 million rupees year-over-year.
In contrast, other income decreased by 3.9% year-over-year, coming down to 552.5 million rupees.
Thermax declared a dividend per share of 12 rupees.
The quarter observed an order balance of 101.11 billion rupees, up by 4% from the last year.
The company’s quarter booking also saw a 2% increase, amounting to 23.09 billion rupees.
Shares of Thermax experienced a 2.2% increase to 4,582 rupees based on the trade of 72,384 shares.
Out of 25 evaluations, 10 recommend buying Thermax‘s stocks, while 8 hold a neutral position and 7 recommend selling.
A look at Thermax Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 5 | |
| Resilience | 5 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
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 and machinery, has received promising Smartkarma Smart Scores across key factors. With a strong Growth, Resilience, and Momentum score of 5 each, Thermax is positioned for long-term success in the industry. The Growth score highlights the company’s potential for expansion and development, while the Resilience score indicates its ability to withstand market challenges. Furthermore, the high Momentum score suggests positive market sentiment and potential for continued growth in the future.
While Thermax scores lower on Value and Dividend factors with a score of 2 each, the company’s strengths in Growth, Resilience, and Momentum paint a favorable long-term outlook. With a focus on manufacturing boilers, steam generators, water treatment plants, and air pollution control equipment, Thermax‘s strategic alliances in producing steam and gas turbines position it well for sustained growth and success in the energy equipment industry.
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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