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Prabhudas Lilladher Report
Thermax Ltd. reported healthy quarterly performance with continuity in execution momentum, across business segment.
Revenue across energy/environment/chemical segment grew by 52.4%/115.1%/45.6% YoY.
Order inflows continued the traction with Thermax securing orders worth Rs 17 billion in Q1 FY22, highest in last seven quarters, mainly led by orders win in sector like refinery, cement and steel.
Order book stands strong at Rs 61 billion (1.2 times trailing twelve months revenue) as on Q1 FY22, providing revenue visibility for next few quarters.
Management indicated good traction in order inflow from sectors like food and beverage, chemicals, pharma, refinery, power, cement etc. anticipated to be key growth drivers going ahead.
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