THERMAX LIMITED
Q1 FY 2011 RESULTS
COMPARISON
Thermax has released its first quarter results. The results are compared here with the preceding quarter (q/e March 2010), corresponding quarter(q/e June2009), and proportionately with previous FY 2010’s results.
Net sales at Rs 779 cr has increased by 49% compared to corresponding quarter of FY2010, but is down by 33.5% compared to preceding quarter. Compared to FY2010, it remains unchanged.
Profit(from Operations) is Rs. 85 Cr in Q1 FY2011 – down by 37.4% compared to previous quarter and up by 43.8% compared to corresponding Qtr of FY2010. It is unchanged compared to FY2010.
Profit After Tax is Rs.66 Cr – down by 33.3% compared to preceding Qtr – but up by 42.3% compared to corresponding Qtr of 2010. It is marginally up compared to FY2010 by 0.9%.
Net Profit is Rs.66 Cr compared to net loss of Rs.16 Cr in previous quarter and up by 42.3% compared to Rs.46 compared to corresponding Qtr of FY2010. It is also marginally up by 0.9% compared to FY2010.
Basic EPS is Rs.5.55 compared to (-)1.32 in preceding Qtr – and compared to Rs. 3.9 in corresponding Qtr of FY2010 and - compared to Rs.21.51 of FY2010. The Face Value of share is Rs.2.
DIVIDEND = RS.5/- PER SHARE for FY2010.
OTHER NEWS
At the quarter end, the company has an order balance of Rs.6330 cr compared to Rs.3230 cr in June2009, an increase of 96%.
In view of this news regarding order Book – at the Current MP of Rs.785 and the likely EPS of around 22 to 23 for FY2011 based on Q1 EPS, the PE Ratio comes to around 35.7. But, there has been a 42% improvement in EPS overQ1 FY2010.And order Book is almost 100% up. If this improvement continues in other Qtrs as well, PE Ratio may come down significantly.
RESULTS IN FIGURES :-
Jun-10 | Mar-10 | dif%1 | Jun-09 | dif%2 | dif%3 | ||
Net Sales | 77875.7 | 117149.7 | -33.5 | 52277.29 | 49 | 308838.5 | 0 |
Other OptgIncome | 1102.5 | 4776.36 | -76.9 | 1482.47 | -25.6 | 9708.43 | -0.5 |
SIT & WIP | -263.17 | -494.28 | -46.8 | 49.24 | -635 | 315.51 | -4.3 |
Raw Materials | 49501 | 76448.57 | -35.2 | 31943.61 | 55 | 192774.2 | 0 |
Traded Goods | 3255.19 | 5253.76 | -38 | 1365.01 | 138.5 | 12757.1 | 0 |
Employees Cost | 7528.64 | 9284.17 | -18.9 | 5222.21 | 44.2 | 29270.62 | 0 |
Depreciation | 1058.45 | 1011.01 | 4.7 | 954.85 | 10.8 | 4041.85 | 0 |
Other Expdr | 9359.81 | 16776.28 | -44.2 | 8287 | 12.9 | 45018.69 | -0.2 |
Total Expenditure | 70439.9 | 108279.5 | -34.9 | 47821.92 | 47.3 | 284177.9 | 0 |
Profit(Operations) | 8538.28 | 13646.5 | -37.4 | 5937.84 | 43.8 | 34368.96 | 0 |
Other Income5 | 1398.54 | 1789.63 | -21.9 | 1028.76 | 35.9 | 4976.22 | 0.1 |
P B I & EI | 9936.82 | 15436.13 | -35.6 | 6966.6 | 42.6 | 39345.18 | 0 |
Interest6 | 55.93 | 31.04 | 80.2 | 47.28 | 18.3 | 151.57 | 0.5 |
P A I B B EI | 9880.89 | 15405.09 | -35.9 | 6919.32 | 42.8 | 39193.61 | 0 |
P B T | 9880.89 | 15405.09 | -35.9 | 6919.32 | 42.8 | 39193.61 | 0 |
Tax expense | 3264.04 | 5486.87 | -40.5 | 2270.31 | 43.8 | 13563.85 | 0 |
P A T | 6616.85 | 9918.22 | -33.3 | 4649.01 | 42.3 | 14143.89 | 0.9 |
Extrao.Items | - | 11485.87 | - | ||||
Net Profit | 6616.85 | -1567.65 | -522 | 4649.01 | 42.3 | 14143.89 | 0.9 |
Dividend (%) | - | 250 | - | 250 | |||
Face Value.Rs | 2 | 2 | 0 | 2 | 0 | 2 | |
Paid Up Equity | 2383.13 | 2383.13 | 0 | 2383.13 | 0 | 2383.13 | |
Reserves | - | - | - | 102696.3 | |||
Basic EPS A EI | 5.55 | -1.32 | -521 | 3.9 | 42.3 | 21.51 | 0 |
Diluted EPS A EI | 5.55 | -1.32 | -521 | 3.9 | 42.3 | 21.51 | 0 |
Basic EPS B EI | 5.55 | 8.32 | -33.3 | 3.9 | 42.3 | 11.87 | 0.9 |
Diluted EPS B EI | 5.55 | 8.32 | -33.3 | 3.9 | 42.3 | 11.87 | 0.9 |
Public holding.% | 38.02 | 38.02 | 0 | 38.02 | 0 | 38.02 |
ANNOUNCEMENTS
TO THE EXCHANGE
21-07-2010 Thermax Limited has informed the Exchange regarding a press release dated July 21, 2010, titled "Thermax Q1 net up 42% at Rs.66 crore; 96% increase in order balance".
21-07-2010 Thermax Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 77875.68 lacs for quarter ending on 30-JUN-2010 against Rs. 52277.29 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 6616.85 lacs for the quarter ending on 30-JUN-2010 against Rs. 4649.01 lacs for the quarter ending on 30-JUN-2009. -
20-07-2010 Thermax Limited has submitted to the Exchange a disclosure pursuant to Regulation 8A(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 , based on the disclosures received by the Company from the Promoters of the company and their relatives as on June 30, 2010.
18-05-2010 Thermax Limited has informed the Exchange vide its letter dated May 18, 2010, regarding a press release dated May 17, 2010, titled "Thermax signs technology transfer agreement with Lambion: Generating energy from waste".
12-05-2010 Thermax Limited has informed the Exchange that the Board of Directors of the company at its meeting held on May 12, 2010 has recommended dividend of Rs. 5.00 per share of face value of Rs. 2/- (250%), subject to approval of the shareholders at the Annual General Meeting.
12-05-2010 Thermax Limited has informed the Exchange regarding a press release dated May 12, 2010 , tilted "Thermax Q4 revenue crosses Rs. 1000 crore for the first time. Order book at record Rs. 5381 crore."
12-05-2010 Thermax Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 308838.45 lacs for year ending on 31-MAR-2010 against Rs. 321104.93 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 14143.89 lacs for the year ending on 31-MAR-2010 against Rs.28729.33 LACS or the year ending on 31-MAR-2009.
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