Thermax Q4 Results Review - Healthy Performance; Order Pipeline Plateauing: Prabhudas Lilladher

"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. .Prabhudas Lilladher Report.Thermax Ltd. reported healthy performance, with consolidated revenue up 16% YoY and Ebitda margin expanding 186 basis points YoY, owing to stabilizing commodity prices and supply chain. Domestic enquiry pipeline is plateauing from previous two quarters amid no major large orders in pipeline, which may affect medium term order inflows. Exports enquiry pipeline is witnessing improvement from segments such as waste heat recovery, waste to energy and biomass. Within chemical segment Thermax has re-negotiated old contracts with clients on commodity and freight cost front, resulting in Ebit margins expanding to 19.2% in Q4 FY23 versus 2.8% in Q4 FY22 (14.1% in Q3 FY23). Further Thermax has also reclassified its segments into - Industrial products (~41% of FY23 revenue), Industrial Infrastructure (~49%), green solutions (~4%) and chemicals (~8%)..Click on the attachment to read the full report:.GAIL India Q4 Results Review - Higher Gas Usage Cost Weighs On Earnings: Yes Securities.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 Q4 Results Review - Healthy Performance; Order Pipeline Plateauing: Prabhudas Lilladher

Order inflows of Rs 22.5 billion driven by sustained momentum in base orders.

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Thermax Q4 Results Review - Healthy Performance; Order Pipeline Plateauing: Prabhudas Lilladher

Order inflows of Rs 22.5 billion driven by sustained momentum in base orders.

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