Thermax Limited

Thermax profit after tax up 59% y-o-y to Rs 126 cr in Dec quarter

Energy and environment solutions provider Thermax on Tuesday posted a 59 per cent jump in its net profit to Rs 126 crore in the December quarter mainly due to higher revenues. "Profit after tax (PAT or net profit) stood at Rs 126 crore, up 59 per cent as compared to Rs 79 crore in the corresponding quarter of FY 2021-22," a company statement said. For the third quarter of FY 2022-23, Thermax posted a consolidated operating revenue of Rs 2,049 crore in the quarter compared to Rs 1,615 crore in the same period a year ago. The profitability was driven by good performance in all three segments - Energy, Environment and Chemical; last year's margins were affected by higher commodity and freight costs, which have now stabilised, the company said. As of December 31, 2022, Thermax Group had an order balance of Rs 9,859 crore. The order booking for the quarter was 10 per cent lower at Rs 2,204 crore compared to Rs 2,462 crore in the same period year ago. The order book last year was highe

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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

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Thermax's net profit tumbles 4.4% to Rs 103.2 cr in March quarter

Thermax on Friday reported a 4.4 per cent decline in consolidated net profit at Rs 102.54 crore for the quarter ended March. The company had reported a consolidated net profit of Rs 107.35 crore in the year-ago period, according to a BSE filing. Total income of the company in the March quarter was at Rs 2,027.62 crore as against Rs 1,610.34 crore in the same period a year ago. "Profit After Tax (PAT) stood at Rs 103 crore, down 4 per cent as compared to Rs 107 crore in the corresponding quarter of FY21. Profitability was lower due to increased commodity and freight costs during the quarter," the company said in a statement. The consolidated net profit of the company rose to Rs 312.31 crore in the fiscal year 2021-22 from Rs 206.58 crore in 2020-21. Total income in the fiscal was at Rs 6,255.34 crore as against Rs 4,898.99 crore in 2020-21. The company's board has recommend a dividend of Rs 9 per equity share of Rs 2 each (450 per cent) for the financial year 2021-22. Thermax Gro

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Thermax shares trim most of early gains; settle 1.50% higher

The stock, which gained 6.55 per cent to Rs 1,923.55 during the day on BSE, finally settled at Rs 1,830.05, a jump of 1.38 per cent

Thermax surges 7% on winning Rs 546 crore order to set-up two FGD systems

The company has sealed an order of Rs 545.6 crore from an Indian power public sector company to set up FGD systems for their two units of 500 MW capacity each in the state of Uttar Pradesh.

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

The project is slated to be completed in 30 months

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Thermax net marginally down 2% at Rs 83 crore in December quarter

Thermax on Wednesday reported a marginal decline of 2 per cent in its consolidated net profit at Rs 83 crore for the December quarter, mainly due to certain exceptional items.

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

Thermax's Rs 166 cr plant, company's ninth in India, opens in Sri City

Unit has a capacity to make 400 vapour absorption 400 machines a year