Thermax Q4 Profit Rises 8% YoY to ₹205.7 Crore

12 May 2025 , 09:30 AM

Thermax Ltd ended the fourth quarter of FY25 on a high note with a net profit of ₹205.7 crore, up 8.1% from ₹190.3 crore reported in the corresponding period last year. The energy and environment solutions firm recorded its operating revenues at 11.6% year-on-year growth to ₹3,085 crore as a result of robust execution across its business segments.

EBITDA increased 9.7% YoY to ₹300 crore from ₹273.2 crore in the same period last year. Nevertheless, the EBITDA margin of the company decreased to 9.7% from 9.9% last year. This was primarily because of increased technology intervention expenses of around ₹66 crore for its bio-CNG projects under the industrial infrastructure segment.

Thermax’s order book position as of March 31, 2025, was ₹10,693 crore, 6% higher year on year. New orders booked in the quarter, however, were ₹2,119 crore lower by 8% from ₹2,309 crore booked in Q4 FY24.

The industry’s infrastructure business experienced some softness, as order intake dropped 6% to ₹1,526 crore. The segment’s order backlog also dropped 3% to ₹6,026 crore from ₹6,213 crore during the same period last year.

Even as new orders declined, the management has a long-term optimistic outlook on demand, particularly in green infrastructure and clean energy solutions. A final dividend of ₹14 per equity share of ₹2 each has been recommended by the Board of Directors for FY25, to further strengthen shareholder value. The record date for eligibility for payment of dividend has been established as July 4, 2025.