Thermax Limited — Board Meeting, 13-11-2024: Outcome of Board Meeting

The Board has approved the unaudited financial results for the quarter and half-year, reporting consolidated operating revenue of ₹2,612 crore for Q2 FY '25, representing a 13% increase year-on-year. The profit after tax rose by 25% to ₹198 crore, bolstered by an incentive of ₹66 crore from the Government of Maharashtra. Additionally, the Board has approved a loan/equity support of ₹350 crore to First Energy Private Limited, a wholly-owned subsidiary. The company’s order book grew by 70%, reaching ₹11,593 crore, with robust order bookings of ₹3,353 crore during the quarter.