External broker reports(aggregated public sources), Prabhudas Lilladhar

Prabhudas Lilladhar

Prabhudas Lilladher is one of India's leading research based financial services organisation.  

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only.  Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

External broker reports(aggregated public sources)

Prabhudas Lilladher is one of India's leading research based financial services organisation.

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>Prabhudas Lilladher's research report onThermax We revise our FY25/FY26E EPS by +4.4%/+3.6% factoring in strong traction in Green Solutions.</li><li>Thermax (TMX) reported 19.6% YoY revenue growth with EBITDA margin rising 123bps YoY to 9.9%.</li><li>Although large orders were soft, order enquiries remain robust across steel, chemical, F&amp;B and biofuel.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Prabhudas Lilladher's research report onThermax We revise our FY25/FY26E EPS by +4.4%/+3.6% factoring in strong traction in Green Solutions.Thermax (TMX) reported 19.6% YoY revenue growth with EBITDA margin rising 123bps YoY to 9.9%.Although large orders were soft, order enquiries remain robust across steel, chemical, F&amp;B and biofuel.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Thermax (TMX IN) - Decent Quarter; Slightly Soft Order Inflows