Profit before tax grew by 17.03% year on year to Rs 250.86 crore in the quarter ended 31 March 2024.

The company’s revenue from industrial products business stood at Rs 1,207.39 crore (up 23.13% YoY), revenue from industrial infra business was at Rs 1,356.49 crore (up 16.92% YoY), green solutions business revenue was at Rs 145.82 crore (up 71.53% YoY) while chemical business revenue came at Rs 158 crore (down 8.19% YoY) during the period under review.

The order balance for the quarter was Rs 10,111 crore, up by 4% from Rs 9,752 crore posted in the corresponding quarter previous year. The order booking for the quarter was 2% higher at Rs 2,309 crore as against Rs 2,254 crore reported in Q4 FY23.

On full year basis, the company’s consolidated net profit jumped 43.3% to Rs 645.28 crore on 15.25% increase in revenue to Rs 9323.46 crore in FY24 over FY23.

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. Thermax has manufacturing facilities in India, Europe and Southeast Asia.

Shares of Thermax gained 2.11% to settle at Rs 4,581.05 on Friday, 10 May 2024.