Shares of Thermax Ltd are in focus on Friday, August 1, after the engineering company reported a 38.5% year-on-year jump in net profit for the June quarter, coming in at ₹151.5 crore, beating analyst estimates.
While revenue fell 1.6% YoY to ₹2,150 crore, missing projections, EBITDA surged nearly 60% to ₹225 crore, with margins expanding sharply to 10.5%, well above expectations of 8.2%.
Segment performance was mixed:
- Industrial Infrastructure turned profitable at ₹71 crore
- Industrial Products saw a dip in margin and profit
- Chemicals faced margin pressure
- Green Solutions showed gains backed by operational efficiency
