THERMAX Announces Quarterly Results (3QFY20); Net Profit Up 12.2%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

THERMAX Announces Quarterly Results (3QFY20); Net Profit Up 12.2%
Thu, 6 Feb

THERMAX has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

THERMAX Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m14,36616,05914,101-12.2%-1.8%
Other incomeRs m31322025817.1%-17.8%
TurnoverRs m14,67916,27814,358-11.8%-2.2%
ExpensesRs m13,29314,75512,969-12.1%-2.4%
Gross profitRs m1981,3031,132-13.2%471.7%
DepreciationRs m23028131612.5%37.6%
InterestRs m363819-49.6%-46.5%
Profit before taxRs m2461,2041,054-12.5%329.0%
TaxRs m-512947205-78.4%
Profit after taxRs m757257850230.6%12.2%
Gross profit margin%1.48.18.0
Effective tax rate%-208.178.719.4
Net profit margin%5.21.65.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 1.8% on a year-on-year (YoY) basis. The expenses were down by 2.4% YoY during the same period.
  • The company's operating profit increased by 471.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 8.0% in 3QFY20 as against 1.4% in 3QFY19.
  • Depreciation charges increased by 37.6% and finance costs declined by 46.5% YoY, respectively.
  • Other income declined by 17.8% YoY during the quarter.
  • Net profit for the quarter increased by 12.2% YoY. Net profit margins during the quarter increased from 5.2% in 3QFY19 to 5.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.1% QoQ during the same period.
  • The company's operating profit declined by 13.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.0% in 3QFY20 as against 8.1% in 2QFY19.
  • Net profit for the quarter increased by 230.6% QoQ, while net profit margins increased from 1.6% in 2QFY19 to 5.9% in 3QFY20.

To see how THERMAX has performed over the last eight quarters,please visit here.

NOW REVEALED: 5 Best Stocks That Could Possibly Surge Up to 300% In the Long-Term

THERMAX Share Price Performance

Over the last one year,THERMAX share price has moved down from Rs 1,067.7 to Rs 1,060.2, registering a Loss of Rs 7.6 or around 0.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,182.1 (up 0.3%). Over the last one year it has moved down from 17,194.0 to 17,182.1, a gain of 12 points (down 0.1%).

Overall, the S&P BSE SENSEX is up 12.4% over the year.

Current Valuations

At the current price of Rs 1,060.2, the price to earnings (P/E) ratio of THERMAX stands at 42.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.2 times.

Equitymaster requests your view! Post a comment on "THERMAX Announces Quarterly Results (3QFY20); Net Profit Up 12.2%". Click here!

  

Related Views on News

THERMAX 2018-19 Annual Report Analysis (Annual Result Update)

Sep 19, 2019 | Updated on Sep 19, 2019

Here's an analysis of the annual report of THERMAX for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of THERMAX. Also includes updates on the valuation of THERMAX.

THERMAX Announces Quarterly Results (1QFY20); Net Profit Up 29.0% (Quarterly Result Update)

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, THERMAX has posted a net profit of Rs 628 m (up 29.0% YoY). Sales on the other hand came in at Rs 14 bn (up 34.5% YoY). Read on for a complete analysis of THERMAX's quarterly results.

THERMAX Announces Quarterly Results (4QFY19); Net Profit Up 37.0% (Quarterly Result Update)

May 27, 2019 | Updated on May 27, 2019

For the quarter ended March 2019, THERMAX has posted a net profit of Rs 1 bn (up 37.0% YoY). Sales on the other hand came in at Rs 21 bn (up 43.7% YoY). Read on for a complete analysis of THERMAX's quarterly results.

THERMAX LTD 2017-18 Annual Report Analysis (Annual Result Update)

Aug 17, 2018 | Updated on Aug 17, 2018

Here's an analysis of the annual report of THERMAX LTD for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of THERMAX LTD. Also includes updates on the valuation of THERMAX LTD.

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

More Views on News

Most Popular

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

The Triple Digit Return Opportunity in this Market

Jun 24, 2020

Rahul Shah on stocks with potentially triple digit returns.

This Ratio Says Smallcaps Are Your Best Bet to Ride the Post Covid Market Rebound(Profit Hunter)

Jun 23, 2020

Here's why I believe that post Covid rebound in smallcaps will be much sharper than largecaps.

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

THERMAX SHARE PRICE


Jul 3, 2020 (Close)

TRACK THERMAX

  • Track your investment in THERMAX with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

THERMAX - EIMCO ELECON COMPARISON

COMPARE THERMAX WITH

MARKET STATS