Thermax’s Q3 net sales were down 7% at Rs.787.99 crore compared with Rs.845.43 crore. Its OPM stood at 11.38% against 11.8%. While, The company’s PAT was down 3.65% at Rs.72.29 crore versus Rs 75.03 crore.
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.
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