Net Sales are expected to increase by 19.5 percent Y-o-Y (down 40.3 percent Q-o-Q) to Rs. 1,237.3 crore, according to Kotak.
Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Capital Goods sector. The brokerage house expects Thermax to report net profit at Rs. 69.3 crore up 41.6% year-on-year (down 46.2% quarter-on-quarter).
Net Sales are expected to increase by 19.5 percent Y-o-Y (down 40.3 percent Q-o-Q) to Rs. 1,237.3 crore, according to Kotak.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 36.1 percent Y-o-Y (down 44.8 percent Q-o-Q) to Rs. 94.3 crore.
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