- All
- Important
- Financial Update
- Fund Raise
- Board Meeting
- Dividend/Bonus
- JV/Acquisition
- Investor Meet
- Insider Trade
- Pledging
- Others
Loading...
Thermax has announced a board meeting approving the financial results for the quarter and half-year ended March 31, 2025, along with a dividend of Rs. 14 per share. Mr. Harsh Mariwala is appointed Lead Independent Director. Changes in auditors include M/s. Makarand M. Joshi & Co. as Secretarial Auditors and Mr. Tushar Dahale as Chief Internal Auditor. The Board approved the re-appointment of Mr. Ashish Bhandari as MD & CEO for five years, subject to shareholder approval. Consolidated Q4 revenue rose 12% to Rs. 3,085 Cr, with PAT up 10% at Rs. 206 Cr; FY revenue grew 11% to Rs. 10,389 Cr while PAT declined 2% to Rs. 627 Cr. Standalone revenue increased 13% to Rs. 1,972 Cr, with PAT up 113% at Rs. 275 Cr, supported by reversal of investment impairment. Order backlog and booking saw slight declines. Arbitration and excise duty provisions exist but are unlikely to significantly affect finances. Auditors gave an unqualified opinion on the results.