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02 Feb, 2009

Ambit Capital downgrades Thermax to NEUTRAL


Source: Livemint.com

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29 Jan, 2009

Don't see major improvement in Q4 rev: Thermax

Commenting on the road ahead for company, MS Unnikrishnan, MD, Thermax, said the benefit of falling commodity prices has started trickling in. He sees clients slowing down execution, and doesn't see a substantial improvement in Q4 topline.


Source: Moneycontrol.com

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07 Jan, 2009

Thermax Dec qtr PAT seen at Rs 72.9cr: Religare

Religare Hichens Harrison Research has come out with its earning estimates on capital goods sector for the quarter ended December 2008. According to the research firm, Thermax sales, for the quarter ended December 2008, are expected to go up by 10% at Rs 929.9 crore on YoY basis.


Source: Moneycontrol.com

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11 Dec, 2008

Beyond the Sensex: Thermax

Energy major Thermax has been facing a slowdown in the execution of projects. Major projects are ebign cancelled.


Source: UTVi.com

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03 Dec, 2008

Avoid Thermax, Elecon: Gandotra

Pathik Gandotra, MD HOR at IDFC SSKI is of the view that one should avoid companies like Thermax, Elecon Engineering as they are fully dependent on private corporate capex.


Source: Moneycontrol.com

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19 Nov, 2008

Buy Thermax at declines: Asit C. Mehta

Asit C. Mehta has recommended to buy Thermax at declines with a target of Rs 280. Looking forward the research firm expects the revenues to register a CAGR of 19% during FY0810E with earnings growth of 15% during the same period.


Source: Moneycontrol.com

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18 Nov, 2008

BNP Paribas Securities downgrades Thermax to HOLD


Source: Livemint.com

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30 Oct, 2008

Accumulate Thermax, target of Rs 316: Emkay Global

Emkay Global Financial Services has downgraded its rating on Thermax from buy to accumulate with a target of Rs 316. Net profit declined 18% yoy to Rs 570 million, below estimates attributed to FX Loss of Rs 374 million.


Source: Moneycontrol.com

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27 Oct, 2008

Thermax Q2 standalone net profit at Rs 56.96 cr

Thermax has declared its second quarter numbers. Its Q2 standalone net profit was at Rs 56.96 crore versus Rs 69.20 crore.


Source: Moneycontrol.com

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27 Oct, 2008

Thermax Q2 net down 17%

Thermax has posted a net profit for the period of Rs 56.95 crore for the quarter ended September 30, 2008.


Source: UTVi.com

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