Thermax Limited

Thermax rallies 9%, hits new high on strong Q4; stock zooms 38% in 1 month

The board of Thermax has recommended a dividend of ₹14 per share for FY2025-26. Additionally, the board has declared a special dividend of ₹6 to mark the company's 60th anniversary milestone.

BSE Capital Goods index hits new high; BHEL, Polycab, Thermax soar up to 7%

BSE Capital Goods index hit a new high of 79,887.59, up nearly 2% in Thursday's intra-day deal. The index has surged 17% in the past two months.

Capital Goods index hits new high, surges 20% so far in April; here's why

Jyoti CNC, Apar Ind, BHEL, Thermax, Kirloskar Oil Engines, Siemens Energy, ABB, CG Power and Hitachi Energy were up 2 per cent to 5 per cent on the BSE in Monday's intra-day trade.

BSE Power index hits 16-month high; Siemens, Thermax soar 6%

Thus far in April, the BSE Power index has outperformed the market by soaring 13 per cent compared to a 8.5 per cent rise in the BSE Sensex.

JM Financial initiates coverage on Thermax with 'Reduce' rating; check TP

JM Financial has initiated coverage on Thermax with a 'Reduce' rating and a sum-of-the-parts target price of ₹2,700

Stocks to Buy: Here's why analyst recommends Thermax, JSW Cement

According to Shrikant Chouhan of Kotak Securities, Thermax strong earnings prospects and JSW Cement capacity expansion plans augur well for these two stocks.

Thermax shares gain 5% on ₹115-cr investment in subsidiary; details here

Thermax shares rose 5 per cent after it invested in its wholly owned subsidiary, which will invest in its step-down subsidiary

Thermax, Timken crack 44% from high; trade at multi-yr supports; what next?

Thermax was seen testing the super trend line support on the monthly scale for the first time since January 2021, while Timken India after September 2019; for trading guide check key levels here.

Thermax Q3 results: Net profit falls 51% to Rs 116 cr, expenses up 8%

Revenue from its industrial products segment rose 5.6 per cent, while that from its division which sets up bio-CNG and power plants, rose 3 per cent

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