Thermax Q1 Net Profit Jumps 38.5% to ₹151.5 Crore

1 Aug 2025 , 09:15 AM

Thermax Ltd reported a robust 38.5% year-on-year jump in consolidated net profit for the quarter ended June 30, 2025. An improved operating performance and significant margin gains support this surge. The Pune-based engineering solutions provider posted a profit of ₹151.5 crore.

While the topline slipped 1.6% to ₹2,150 crore, the bottom line growth was driven by better cost control and operational efficiency across key business segments.

EBITDA for the quarter stood at ₹225 crore. This is a sharp rise by 59.5% from ₹141.2 crore a year ago. The EBITDA margin expanded to 10.5% from 6.5% in the corresponding quarter last year. The Industrial Products segment saw a mild revenue decline and posted a lower profit of ₹78 crore. Its segmental PBIT margins are softening to 8.1% from 9% in the previous year.

In contrast, the Industrial Infrastructure segment bounced back into the black with a profit of ₹71 crore. Thereby, reversing a loss of ₹18 crore last year. The rebound was largely aided by income from Maharashtra’s Package Scheme of Incentives (PSI), which supported project-level cash flows.

Revenue from the Chemicals division remained broadly flat. But the profit before interest and tax (PBIT) dropped to ₹16 crore from ₹30 crore. Though financial specifics were not disclosed, the company said its Green Solutions business saw operational improvements during the quarter, aided by fresh project wins and better execution efficiency.

Thermax said it remains focused on driving sustainability-driven engineering and project delivery, despite short-term fluctuations in order inflows or commodity-linked costs.

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