Thermax

Thermax Q2 net up 24% to Rs 109 cr, revenue surges 41% to Rs 2,075 cr

Thermax on Friday reported a 24 per cent rise in its consolidated net profit to Rs 109 crore for the September 2022 quarter, mainly due to higher revenues. "Profit after tax (PAT) stood at Rs 109 crore, up 24 per cent as compared to Rs 88 crore in the corresponding quarter of FY 2021-22," a company statement said. For the second quarter of FY2022-23, Thermax posted a consolidated operating revenue surged 41 per cent to Rs 2,075 crore against Rs 1,469 crore in the year-ago period, up 41 per cent, it stated. As of September 30, 2022, Thermax Group had an order balance increased by 46 per cent to Rs 9,485 crore against Rs 6,516 crore a year ago. Order booking in the quarter grew 9 per cent to Rs 2,015 crore compared to Rs 1,856 crore. On a standalone basis, Thermax posted operating revenue of Rs 1,373 crore during the quarter, 36 per cent higher compared to Rs 1,007 crore in the corresponding quarter of the last year. Profit after tax for the quarter rose 55 per cent to Rs 93 cror

Capital goods stocks may re-rate on Govt capex push, firm demand: Analysts

Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows

Thermax rallies 9% in 2 days; hits new high on strong order book position

Thermax has a strong order book across diverse sectors, including refineries, steel, power, and chemicals

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

Stocks to Watch: ONGC, Reliance, Zomato, Adani Wilmar, IndiGo,Vodafone Idea

Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.

Sensex slips for 3rd day, ends 237 pts down; HDFC duo top drags, ITC up 2%

CLOSING BELL: HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy's Labs, Tata Motors, PowerGrid, Asian Paints, Bajaj Finserv, Kotak Bank, Titan, Cipla, and Eicher Motors were the top laggards on the Nifty index

Thermax consolidated net profit down 5% to Rs 79 crore in Dec quarter

Energy and environment solutions provider Thermax reported 5 per cent dip in consolidated net profit at Rs 79 crore for December quarter 2021-22

Thermax bags Rs 545-cr order for 2 flue-gas desulphurisation systems

The project is slated to be completed in 30 months

Thermax bags order worth Rs 830 crore to set up FGD systems

Thermax on Wednesday said it has bagged a Rs 830 crore order to set up flue gas desulphurisation systems for a private power company. FGD systems will be installed to cut down SOx emissions and comply with the air quality standards set for fossil fuel based power plants. "Thermax Limited has concluded an order of Rs 830 crore from an Indian power private sector company to set up flue gas desulphurisation (FGD) systems for their three units of 660 MW capacity each in the state of Uttar Pradesh," a company statement said. MD & CEO Ashish Bhandari said, "Our proven technological capabilities in the area of air pollution and gaseous abatement, especially FGD, where we are already executing a few large orders, led to this competitive win." In addition to supporting the customer in meeting statutory compliance related to industrial pollution norms, the project reinforces the company's commitment to the environment, he added. The scope of project includes design, engineering, ...

Thermax gains 4% as subsidiary bags order worth Rs 293 crore

TBWES has concluded a Rs 293 crore order for a boiler package comprising 3 x Oil & Gas fired boilers on EPC basis for a refinery and petrochemical complex in western India

Thermax gains 6% after arm wins Rs 250 crore order in Latin America

Thermax Babcock and Wilcox Energy Solutions has concluded a Rs 250 crore order for a claus package and an oxidiser package in the sulphur recovery unit for a greenfield refinery in Latin America

Thermax rallies 8% on strong Q4 results; stock nears 52-week high

Order book during the quarter jumped 57 per cent year on year at Rs 1,497 crore as against Rs 952 crore, aided by broad based industrial recovery

Thermax March-quarter net jumps nearly three-fold to Rs 107 crore

Energy solutions firm Thermax said its consolidated net profit jumped nearly three-fold to Rs 107.35 crore for the March quarter, mainly on the back of higher revenues.

Thermax advances 20% on recovery in order inflows in December quarter

Sectors such as steel, cement, chemical, pharma and food processing are likely to continue witnessing demand in the coming quarters, the company said

Thermax reports Rs 15.27 crore consolidated loss for June quarter

Thermax Ltd on Wednesday reported a consolidated net loss of Rs 15.27 crore for the quarter ended June 30. It had posted a Rs 62.76 crore net profit during the corresponding quarter of the previous financial year, Thermax Ltd said in a BSE filing. The company during April-June 2020 reported a total income of Rs 685.86 crore. It had posted a total income of Rs 1,414.01 crore in the year-ago quarter. Its total expenses during the June 2020 quarter stood at Rs 708.35 crore. It had stood at Rs 1,323.96 crore a year ago. In a statement, it said Thermax Group Managing Director and Chief Executive Officer M S Unnikrishnan will retire on August 31, 2020, after serving the company for 13 years in the capacity. Ashish Bhandari, who joined as the firm's joint MD on April 7, 2020, will succeed him as the new MD & CEO. "The group's operations and financial results for the quarter were adversely impacted by the lockdown imposed to contain the spread of COVID-19. The operations gradually resume

Limited visibility may hurt ABB, Siemens more than Thermax or Cummins

An analyst at a domestic brokerage said that Siemens is a highly cyclical stock, due to the high correlation between the company's revenue growth and India's gross fixed capital formation

As investment in power projects dries up, Thermax eyes 'captive' biz boost

Lack of investment in power plants in the country is going to compel many new investors to go for captive power plants

Thermax opens new unit at SriCity; to manufacture chillers, heat pumps

The unit will manufacture a wide range of vapour absorption machines including chillers, heat pumps and heaters in its first phase

Thermax up 5% on order win of Rs 327 crore

The stock was up 5% to Rs 1,270, also its 52-week high on the BSE after the company received an order worth of Rs 327 crore for a BTG plant package from a public sector company.

Some green shoots emerging for Thermax

An otherwise subdued street sentiment got a boost after Thermax secured a large export order. The company's first EPC (engineering, procurement and construction) order from the Gulf region worth $43 million (Rs 275 crore) for setting up a turnkey captive power plant for a UAE-based cement firm, saw the stock surge over 7 per cent. Thermax's MD and CEO, M S Unnikrishnan, said, "We intend to expand our footprint in this region where we have been providing solutions". The new order and management comments provide some confidence. However, it may not be enough to significantly lift street sentiment further as the domestic environment is still subdued with capital goods sector under pressure post a soft June quarter performance, which was impacted by goods and service tax (GST) implementation.In the June quarter, Thermax's topline had declined by 10-11 per cent year-on-year, both at standalone and consolidated levels, due to GST implementation (impact estimated at Rs 80 crore) and malware .