Thermax

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 signs pact to acquire Buildtech Products India for Rs 72 crore

Thermax on Friday said it has inked a pact to acquire critical construction chemicals maker Buildtech Products India for about Rs 72 crore. This partnership solidifies Thermax's presence in the construction chemicals sector, the energy and environment solutions firm said in a statement. According to the statement, the company has signed an agreement to acquire a 100 per cent stake in Buildtech Products India Pvt Ltd for approximately Rs 72 crore, subject to various transaction adjustments. Established in 1995, Buildtech Products India manufactures admixtures, accelerators and capsules used in tunnels, infrastructure and railway projects. The Indian construction chemicals market is worth USD 3.76 billion and is expected to reach USD 5.17 billion by 2030 with a CAGR (compound annual growth rate) of 5.64 per cent, it stated. The acquisition of Buildtech will be completed in due course. "Chemicals has been a key area of investment for Thermax. Buildtech's products have created a nich

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.

Stock market positive on Thermax despite profit margin decline in Q1

The industrial products segment is poised for double-digit growth driven by solutions for water treatment and air pollution

Thermax Q1 results: Net profit jumps 82% to Rs 109 cr, revenue up 13%

Energy and environment solutions provider Thermax on Thursday posted an 82 per cent jump in its consolidated net profit to Rs 109 crore as against Rs 60 crore in the same period last year mainly due to higher revenues. The company reported consolidated operating revenue of Rs 2,184 crore in the first quarter of FY25, registering a 13 per cent increase compared to Rs 1,933 crore in the same quarter of the previous fiscal, according to a company statement. The order booking for the quarter stood at Rs 2,569 crore as against Rs 2,567 crore in the corresponding period a year ago. The board has approved an additional equity investment of USD 2.8 million in Thermax (Thailand) Limited, a step-down subsidiary of the company through Thermax Engineering Singapore Pte Ltd. (TESPL), a subsidiary of the company. The board has approved the issuance of a guarantee for an amount not exceeding USD 4 million on behalf of Thermax (Thailand) Limited. During the quarter, Thermax unveiled a manufacturi

Thermax stock hits new high, up 4% on securing order worth of Rs 513 crore

Thermax, in an exchange filing, said Thermax Babcock & Wilcox Energy Solutions Limited, a wholly-owned subsidiary of the company, has concluded an order of Rs 513 crore for supply of 2X 550 TPH boiler

Thermax's stock rises 5% after subsidiary gets work order worth Rs 513 cr

Thermax shares zoomed 4.6 per cent at 5287.10 per share on the BSE in Friday's intraday trade after the company informed the bourses that it has bagged a big work order worth Rs 513 crore

Valuations capture upsides in Thermax stock; double-digit growth likely

The company's careful selection of projects and areas to enter has helped it to maintain a strong balance sheet with no net debt

Thermax misses Q1 profit view with just 1.7% rise on slow sales growth

Thermax on Tuesday posted a marginal rise in its consolidated net profit at Rs 60 crore in the June 2023 quarter. Its consolidated net profit stood at Rs 59 crore in the year-ago period. "The company's consolidated profit after tax (PAT) is Rs 60 crore (Rs 59 crore in April-June 2022), an increase of 2 per cent over Q1 FY23," a company statement said. The company explained that the results were adversely impacted due to an exceptional item of provision related to ongoing litigation of Rs 51 crore. Its profit before tax (PBT) and exceptional increased 75 per cent to Rs 142 crore from Rs 81 crore in April-June 2022, it stated. Thermax, an energy and environment solutions company, recorded a consolidated operating revenue of Rs 1,933 crore in the first quarter of 2023-24, 17 per cent higher compared to Rs 1,654 crore in the year-ago period. As of June 30, 2023, the order balance for the quarter was Rs 10,505 crore, up by 10 per cent from Rs 9,554 crore a year ago. The order booking

Thermax declines 7% as investors book profit post March quarter earnings

The company said that the order book for the year stood at a consolidated level stood of Rs 8,788 crore, as compared to Rs 9,410 crore in FY22, down 7 per cent

Stocks to Watch today, May 18: HDFC Bk, Vedant Fashions, MM Forgings, NDTV

Stocks to Watch on Thursday: JK Tyre's net profit surged to Rs 111.56 crore in Q4FY23 from Rs 38.22 crore reported last year

Thermax beats Q4 profit expectations on back of strong sales growth

Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales.

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

Capital goods stocks may re-rate on Govt capex push, firm demand: Analysts

Inflation remains a key risk for margins amid geopolitical tensions. But, analysts expect this to improve from the second half of FY23 due to declining commodity prices and strong order inflows

Thermax rallies 9% in 2 days; hits new high on strong order book position

Thermax has a strong order book across diverse sectors, including refineries, steel, power, and chemicals

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

Stocks to Watch: ONGC, Reliance, Zomato, Adani Wilmar, IndiGo,Vodafone Idea

Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.

Sensex slips for 3rd day, ends 237 pts down; HDFC duo top drags, ITC up 2%

CLOSING BELL: HDFC, HDFC Bank, Maruti Suzuki, Dr Reddy's Labs, Tata Motors, PowerGrid, Asian Paints, Bajaj Finserv, Kotak Bank, Titan, Cipla, and Eicher Motors were the top laggards on the Nifty index

Thermax consolidated net profit down 5% to Rs 79 crore in Dec quarter

Energy and environment solutions provider Thermax reported 5 per cent dip in consolidated net profit at Rs 79 crore for December quarter 2021-22

Thermax bags Rs 545-cr order for 2 flue-gas desulphurisation systems

The project is slated to be completed in 30 months