Thermax Limited — Board Meeting, 04-02-2025: Outcome of Board Meeting

The Board has approved the un-audited financial results for the quarter and nine months ended December 31, 2024. Consolidated revenue from operations stood at ₹2,508 Cr, reflecting an 8% increase year-on-year. However, the profit after tax dropped to ₹114 Cr, significantly impacted by a previous year's exceptional gain of ₹126 Cr from asset sales. Additionally, the Board authorized support through a corporate guarantee for borrowings of up to ₹400 Cr for its subsidiary, First Energy Private Limited. This meeting also included time-sensitive discussions, resulting in significant resolutions impacting financial and operational strategies.