Thermax Ltd Reports 38.5% Rise in Net Profit
Indian engineering company Thermax Ltd has reported a 38.5% increase in net profit for the first quarter, driven by strong operating performance and improved margins.
Key Highlights
- Net Profit: ₹151.5 crore, up from ₹109.4 crore year-on-year
- Revenue: ₹2,150 crore, down 1.6% year-on-year
- EBITDA: ₹225 crore, up 59.5% year-on-year
- EBITDA Margin: 10.5%, improved from 6.5% year-on-year
Segment Performance
- Industrial Products: Marginal decline in revenue, PBIT margin at 8.1%
- Industrial Infrastructure: Profit of ₹71 crore, rebounding from loss year ago
- Chemicals: Revenue flat, PBIT impacted by higher input costs
- Green Solutions: Improvement due to operational efficiencies and new projects
Share Price
- Thermax shares: Closed 2% higher at ₹3,911.50 ahead of results
