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

Shares of energy solutions firm Thermax rallied 8 per cent to Rs 1,526.95 on the BSE, in Wednesday’s intra-day trade, after the company reported strong earnings for March quarter (Q4FY21). Its consolidated profit after tax (PAT) more-than-doubled at Rs 107 crore as against Rs 39 crore clocked in Q4FY20. The stock was trading close its 52-week high of Rs 1,550, touched on May 7, 2021.

The management attributes the higher profit to higher sales, cost reduction measures taken across the group, and better margins in the energy segment. The previous year profit was impacted due to the outbreak of