Thermax Group continues to register revenue, profits, and orders growth in Q2
November 14, 2022 at 10:29 am
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Pune - For the second quarter of FY 2022-23, Thermax posted a consolidated operating revenue of Rs. 2,075 crore (Rs. 1,469), up 41%. Profit after tax (PAT) stood at Rs. 109 crore, up 24% as compared to Rs. 88 crore in the corresponding quarter of FY 2021-22. As on September 30, 2022, Thermax Group had an order balance of Rs. 9,485 crore (Rs. 6,516 crore), up 46%. Order booking for the quarter was 9% higher at Rs. 2,015 crore (Rs. 1,856 crore). Order booking was spread across multiple industries with core sectors such as metal & steel, chemical, refinery & petrochemical continuing to show strength. On a standalone basis, Thermax Limited posted an operating revenue of Rs. 1,373 crore during the quarter, 36% higher as compared to Rs. 1,007 crore in the corresponding quarter, last year.
Profit after tax for the quarter was Rs. 93 crore (Rs. 60 crore) up 55%. Order booking for the quarter was 6% lower at Rs. 1,132 crore (Rs. 1,204 crore). Order balance on September 30, 2022 stood at Rs. 6,736 crore (Rs. 3,798 crore), up 77%
About Thermax Limited
Thermax Limited, 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. The sustainable solutions Thermax develops for client companies are environment-friendly and enable efficient deployment of energy and water resources.
Thermax Limited. is an India-based company. The Company offers integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control, and chemicals. It operates in four segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. The Industrial Products segment supplies packaged boilers and fired heaters, besides turnkey solutions for process heating, through a range of heating media, such as steam, thermic fluid, hot water, and hot air. The Industrial Infra segment covers its Projects and Energy Solutions and Thermax Babcock & Wilcox Energy Solutions businesses. The Green Solutions segment includes Thermax Onsite Energy Solutions Limited, which provides green utilities, such as steam, heat, treated water, chilled water, and cogeneration power, along with other utilities. The Chemical segment manufactures and markets a range of specialty chemicals to help improve processes and water use across various industries.
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