Thermax

By Research Desk
about 9 years ago
Thermax

 

This capital goods sector company did not have a very good Q2FY16 performance, thanks to the sluggish power sector which is its main source of income. Net sales for the quarter was down 9% (YoY) at Rs.1044 crore while costs were down 8%. Yet this did not help the company shore up its EBITDA which was down 18% at Rs.100 core while margins fell from 10.63% to 9.58%. Net profit for the quarter was down 25% at Rs.65 crore.

Its energy segment showed a 11% drop in revenue and 23% fall in EBIT. During the quarter, order inflow was at Rs.810 crore, down 26% and this was on account of the slack in the power sector. As at 30th Sept 2016, the company’s order backlog was at Rs.4006 crore v/s Rs.5016 crore in previous Q2. And the entire Group’s order backlog has also slipped – down from Rs.6067 crore to Rs.5162 crore. The only silver lining here – its debt has come down from Rs.32 crore to Rs.9.5 crore and this has resulted in interest outgo coming down during H1FY16 to less than Rs.50 lakh from over Rs.1 crore.

4195.50 (+7.95)

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