Thermax Limited

Thermax Q2FY25 results: Net profit rises nearly 25% to Rs 198 crore

Thermax on Wednesday posted a nearly 25 per cent rise in its consolidated net profit to Rs 198 crore in the September 2024 quarter compared to a year ago, mainly on the back of higher revenues. Its consolidated net profit stood at Rs 159 crore in the quarter ended on September 30, 2023, according to a regulatory filing. Total income rose to Rs 2,671.36 crore in the quarter from Rs 2,368.32 crore in the same quarter of the preceding fiscal. The current quarter's revenue and profit are favourably impacted by an accrual of Rs 66 crore as income towards the incentive receivable under the Packaged Incentive Scheme (PSI), 2007 from the Maharashtra government, the company said in a statement. As of September 30, 2024, the order balance in the reported quarter was Rs 11,593 crore, up 13 per cent from Rs 10,264 crore a year ago on a consolidated basis. The order booking for the quarter jumped 70 per cent to Rs 3,353 crore. During the quarter, Thermax Babcock & Wilcox Energy Solutions Ltd

Thermax looks to double business in existing international markets

Thermax, Bhandari said, has a renewed focus on energy transition technologies, particularly hydrogen, carbon capture, and water management

Here's why Thermax share price surged over 6% on September 16; details

The uptick in Thermax share price came after the company announced that its wholly-owned subsidiary has received a repeat order worth Rs 516 crore.

Capital Goods index hits record high; Thermax, CG Power rally up to 14%

In the past six months, the BSE Capital Goods index has outperformed the market by surging 31%, as against a 11% rally in the S&P BSE Sensex.

Thermax's Q4 results: Net profit rises 20.5% to Rs 188 cr on strong demand

Capital goods companies in India have benefitted from the government's push on infrastructure and clean energy through increased capital expenditure and production-linked incentive schemes

Thermax plans commercial-scale trial on high-ash coal gasification project

Energy and environmental services major, Thermax Ltd, said on Friday that it is in discussion with several steel companies in the eastern region for a commercial-scale high-ash coal gasification project. This project will be the first of its kind in the eastern region. Thermax is also in dialogue with Coal India on coal gasification technology. CIL has plans to set up a coal-to-SNG (Synthetic Natural Gas) project in the Eastern Coalfields Limited command area. In this domain, Thermax claims to have patented technology. "We are currently in talks with steel companies for a project that will pioneer high-ash coal gasification in the eastern region. Deliberations are going on regarding the funding, which is facing a viability gap of approximately 30-40 per cent of the project cost," Thermax MD and CEO Ashish Bhandari said. Although the government is expected to provide viability gap funding of around 15 per cent, companies will need to address the remaining funding gap, he said. "We

Thermax Q3 results: Profit jumps nearly 88% to Rs 237 cr on high revenues

Thermax on Thursday posted nearly 88 per cent jump in consolidated net profit to Rs 237.06 crore in the December quarter, mainly on the back of higher revenues. Its consolidated net profit was Rs 126.40 crore in the year-ago period, a BSE filing showed. Total income rose to Rs 2,382.76 crore in the quarter from Rs 2,091.57 crore a year ago. The company's board approved additional capex of Rs 45 crore to set up an ion exchange resin manufacturing plant at Jhagadia, Gujarat. As of December 31, the order balance for the quarter was Rs 10,717 crore as compared to Rs 9,859 crore in the previous fiscal, up 9 per cent, it stated. The order booking for the quarter under review was Rs 2,506 crore, 14 per cent higher than Rs 2,204 crore in the last fiscal, it stated.

Thermax Q2 net profit rises 45% at Rs 158 cr on strong industrial demand

Sales of industrial products -- including for heating, cooling, water and waste management increased 18%

Axis Bank, L&T, Thermax: Chris Wood rejigs India equity portfolio

Chris Wood has added Axis Bank and increased holding in Larsen & Toubro in India long-only portfolio Asia ex-Japan, excludes ICICI Lombard General Insurance.

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

Is the capital goods sector on the recovery path as inflation eases?

Revenue growth estimates have moderated post Q2 but the bottom may be close

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

Here's why Mehul Kothari expects up to 10% rally in KPR Mill, Thermax

According to the technical analyst from Anand Rathi, KPR Mill can rally to Rs 640, while Thermax can surge to Rs 2,400.

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

Stocks to Watch: Infosys, HDFC Bank, Tinplate, Brightcom, Vedanta, Thermax

Infosys is scheduled to announce results today, while HDFC Bank shall be reporting its Q4 numbers on Saturday.

Market wrap: Sensex rallies 367 pts, ends above 60,000; Nifty holds 17,900

Thermax surges 7% on Rs 546-cr order; Talbros Automotive zooms 27% in 2 days as Vijay Kedia increases stake; Future Retail falls 6% as Delhi High Court rejects plea to dismiss Amazon arbitration

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

Stocks to watch: HDFC, BPCL, Thermax, PNB Housing, Motherson Sumi

HDFC has said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis