Order inflow growth remains weak

Company
14 May 2024
5 Min read 
  • Thermax 4QFY24 results beat estimates with in-line revenue and higher-than-expected PAT on strong margins.
  •  Order inflow growth remains weak, with inflows lower than estimates.
  •  Company expects finalization of large-sized order inflows over the next few quarters.
  •  Sector-wise margin outlook is looking better for Industrial Products and Chemicals.
  •  Thermax missed out on large order inflows during FY24 due to delays in ordering from various sectors.
  •  Continuous investments in debt and equity needed for TOESL and FEPL.
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