Thermax Limited — Important, 04-02-2025: General Updates

Thermax Ltd. reported a consolidated operating revenue of Rs. 2,508 crore for the quarter ending December 31, 2024, an 8% year-over-year increase. However, the consolidated profit after tax was Rs. 114 crore, down 52% from Rs. 237 crore due to an exceptional gain of Rs. 126 crore in the previous year from the sale of land. Profit before tax, excluding exceptional items, dropped 15% to Rs. 156 crore, primarily influenced by lower margins in the Industrial Infra segment and changes in product mix within the Chemicals segment. The order balance increased by 6% to Rs. 11,383 crore, though order bookings fell 8% to Rs. 2,296 crore.

On a standalone basis, Thermax Limited's operating revenue was Rs. 1,453 crore, representing a 2% decrease from the previous year. Profit after tax decreased by 49% to Rs. 103 crore. Notably, the company reported a significant 43% rise in order bookings to Rs. 1,647 crore. Furthermore, Thermax completed the acquisition of Buildtech Products India Pvt. Ltd., enhancing its footprint in the construction chemicals market. Investors should monitor these developments closely, given the mixed financial performance and ongoing strategic acquisitions.