The financial performance of Thermax for the third quarter ended 31st Dec 2008, on a QoQ has been better than its performance when compared on a YoY. Q3 net sales QoQ was down marginally by 1.12% at Rs.795.06 crore while it was down 6% YoY.
Net profit YoY might have come down but the profit margins have been better. NPM was at 9.09% as against 8.87% in Q3FY08.
It has an order book of Rs. 4,103 crore as of December 31, 2008. The company expects execution of orders slowing down and in Q4 it does not expect the situation to be any different from what it was in Q3.
Why thermax is good stock to invest?
Thermax is a good investment stock option.
- its orders to the power sector will not get unduly affected as power remains a priority sector for growth.
- it is a zero debt company, a rare breed to come across in today’s time.
- with inflation down, its costs would come down further, which in turn would help maintain the bottomlines.
Thanks
No comments:
Post a Comment