Thermax Limited’s shares rose by over 2% today after the company reported impressive financial results for the September quarter. The energy and environment solutions provider posted a 25% year-on-year (YoY) increase in consolidated net profit, reaching ₹198 crore. The company’s revenue also rose by 13% YoY to ₹2,612 crore, highlighting steady growth.
Key Financial Highlights:
- Net Profit: Increased by 25% YoY to ₹198 crore.
- Revenue: Grew by 13% YoY to ₹2,612 crore.
- Order Booking: Increased by 70% to ₹3,353 crore, reflecting a strong demand pipeline.
- Order Balance: Reached ₹11,593 crore, up 13% from the previous year.
The company’s Q2 results were bolstered by an accrual of ₹66 crore as incentive income under the Maharashtra government’s Packaged Incentive Scheme. As of 9:35 AM, Thermax shares were trading 2.38% higher at ₹5,025.10 on the NSE.
Thermax’s robust financial performance and strong order growth indicate a positive outlook, positioning it as a notable stock in the energy and environment solutions sector.
