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Research
Accumulate Thermax - Oct-Dec 2012 Earnings Preview - Prabhudas Lilladher
Posted On : 2013-01-14 09:09:17( TIMEZONE : IST )
We expect the execution to remain weak during the quarter due to lower order carry. We expect fresh order intake to come down by 78% YoY at ~Rs10.5bn (against Rs5.8bn). The company will be able to maintain good run rate of more than Rs10bn due to growing base business orders and Rs5bn EPC orders recovered during the quarter.
