Thermax Q4 net up 175% at Rs107.35cr on tripling of EBITDA contribution from energy solutions

Thermax Ltd reported 19.01% yoy increase in consolidated revenues for the Mar-21 quarter at Rs1,574.52cr

May 25, 2021 08:05 IST India Infoline News Service

Thermax Ltd reported 19.01% yoy increase in consolidated revenues for the Mar-21 quarter at Rs1,574.52cr. On a sequential basis, the total sales revenues were up by a more muted 11.62% compared to total revenues in the Dec-20 quarter at Rs1,410.59cr.

Thermax witnessed strong growth across all its three principal verticals viz. energy solutions, environmental solutions and chemicals. Energy solutions contributed most to Q4 EBITDA.

Net profits in the Mar-21 quarter was up 175% at Rs107.35cr on the back of virtual tripling of EBITDA of the energy solutions business. The growth in EBITDA contribution of the chemicals and environmental solutions business was smaller.

Despite the sharp growth in sales, Thermax managed to maintain cost growth in check. Net margins at 6.82% for Mar-21 quarter was higher than 2.95% in Mar-20 quarter. NPM was higher on sequential basis too.


Financial highlights for Mar-21 compared yoy and sequentially


Thermax Ltd
Rs in Crore Mar-21 Mar-20 YOY Dec-20 QOQ
Total Income (Rs cr) ₹ 1,574.52 ₹ 1,322.96 19.01% ₹ 1,410.59 11.62%
Net Profit (Rs cr) ₹ 107.35 ₹ 39.03 175.04% ₹ 83.26 28.93%
Diluted EPS (Rs) ₹ 9.53 ₹ 3.47 ₹ 7.39
Net Margins 6.82% 2.95% 5.90%
 

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