Thermax Ltd Q2 up by 181.54% yoy at Rs87.92cr on spike in EBIT in the energy business

Thermax Ltd reported 28.75% higher total revenues for the Sep-21 quarter on consolidated basis at Rs1,469.32cr

Nov 12, 2021 12:11 IST India Infoline News Service

Thermax Ltd reported 28.75% higher total revenues for the Sep-21 quarter on consolidated basis at Rs1,469.32cr. The revenues were higher by 39.62% on a sequential basis compared to Rs1,052.36cr in the Jun-21 quarter.

Among the key verticals, the energy vertical saw revenues grow by 19.3% at Rs1,057cr while the environment business saw revenues grow by double at Rs312cr.

The chemicals vertical saw revenues marginally higher at Rs128cr as the overall demand for capital goods picked up with the boost to investment cycle.

Net profit for the Sep-21 quarter was higher by 181.43% at Rs87.92cr as the energy business saw a strong spike in EBT of 116.8% at Rs84.12cr in the quarter.

The environment and chemicals business saw EBIT contract on yoy basis. On a sequential basis, the net profit was higher by 107.36% compared to the Jun-21 quarter. In the Sep-20 quarter, Thermax had an exceptional loss of Rs24.7cr on account of VRS scheme and impairment of certain assets of Boilerworks A/S.

Net profit margin for the Sep-21 quarter stood at 5.98% compared to 2.74% in Sep-20 quarter and 4.03% in the Jun-21 quarter.


Financial highlights for Sep-21 compared yoy and sequentially


Thermax Ltd
Rs in Crore Sep-21 Sep-20 YOY Jun-21 QOQ
Total Income (Rs cr) ₹ 1,469.32 ₹ 1,141.20 28.75% ₹ 1,052.36 39.62%
Net Profit (Rs cr) ₹ 87.92 ₹ 31.24 181.43% ₹ 42.40 107.36%
Diluted EPS (Rs) ₹ 7.80 ₹ 2.78 ₹ 3.77
Net Margins 5.98% 2.74% 4.03%

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