The company's annual profit after tax for the year ended March 31, 2012, increased 6.39% at R406.86 crore compared to R382.41 crore for the same period last year.
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Thermax Ltd Stock News, Analyst Calls And Reviews
Because of the economic slump particularly in the power segment, the order build up of Thermax Ltd on a consolidated basis as on March 31, 2012 dropped to Rs 4,828 crore as against the same period of last year.
Thermax Ltd registered a Q4 net of Rs 130 crore on grosses of Rs 1,687 crore.
The yearly financial outcomes of the firm disclosed that Thermax registered better results for 2011-12 fiscal with a income of Rs 5,304 crore as compared to previous year’s revenue of Rs 4,852 crore.
Thermax Ltd’s annual PAT was also higher at Rs 407 crore, up from 2011’s Rs 382 crore.
Export income comprising deemed exports, in the financial year, reached Rs 1,143 crore.
The Group’s consolidated income remained at Rs 6,091 crore from Rs 5,299 crore, the previous year. Profit after tax and minority interest on a consolidated basis for the year was Rs 404 crore against the previous years figure of Rs 382 crore. The consolidated earning per Rs 2 share was Rs 33.86 compared to Rs 32.03 in 2010-11.
In financial 2011-12, the company got hold of the German steam efficiency enhancement products firm, Rifox- Hans Richter GmbH.
The acquirement provides a planned fit for the company’s steam engineering biz and will back up its biz in Europe, South East Asia and the Middle East.
The firm’s air pollution control biz commissioned its biggest project- to-date for a cement facility in the Egyptian market.
The stock looks good for medium or long term investment.
The investors can buy the stock on declines.
The company's annual profit after tax for the year ended March 31, 2012, increased 6.39% at R406.86 crore compared to R382.41 crore for the same period last year.
Sell Thermax; target of Rs 378: Nirmal Bang
