Thursday, May 22, 2008

Thermax inches decent quarterly earnings

Thermax gained 0.29% to Rs 464.95 at 9:57 IST on BSE on reporting 15.5% rise in net profit to Rs 80.53 crore on 12.7% increase in net sales to Rs 922.11 crore in Q4 March 2008 over Q4 March 2007.

The stock hit a high of Rs 473.30 and a low of Rs 455 on so far during the day. The stock had a 52-week high of Rs 968.30 on 30 October 2007 and the stock hit a 52-week low of Rs 405.55 on 24 May 2007.

The company’s current equity is Rs 23.83 crore. Face value per share is Rs 2.

The current price of Rs 464.95 discounts its Q4 March 2008 annualised EPS of Rs 27.03, by a PE multiple of 17.20.

Thermax’s net profit rose 49.51% to Rs 280.78 crore on 46.87% increase in total income to Rs 3245.94 crore in the year ended March 2008 over the year ended March 2007.

In February 2008, Thermax signed a technical transfer license agreement with Babcock & Wilcox for utility boilers.

The company manufactures and distributes industrial equipment. The group operates in two segments, energy and environment.

No comments: