Thermax Ltd Q3 PAT lower by -4.6% at Rs79.45cr due to higher commodity and freight costs

7 Feb 2022 , 08:48 AM

Thermax Ltd reported yoy 14.47% higher total sales for the Dec-21 quarter on consolidated basis at Rs1,614.73cr. On a sequential basis, the revenues were higher for the quarter by 9.90%.

During the quarter, the order book for Thermax was up 57% yoy at Rs2,462cr. In terms of verticals, the energy business saw sales growth of 15.3% at Rs1,163cr.

The environment business sales were sharply higher by 34% yoy at Rs339cr while the chemicals business saw sales growing by an impressive 40% at Rs156cr in the third quarter.

The consolidated Profit after tax (PAT) for the Dec-21 quarter was down -4.58% at Rs79.45cr despite an exceptional loss of Rs27cr in the Dec-20 quarter, without which the profit fall would have been steeper.

The fall was due to higher commodity and freight costs. All the three verticals of energy, environment and also the chemicals business saw divisional EBIT falling yoy due to material and freight pressures.

Net margins reduced from 5.90% in the Dec-20 quarter to 4.92% in the Dec-21 quarter. Net margins were lower sequentially.

Financial highlights for Dec-21 compared yoy and sequentially

	Thermax Ltd
Rs in Crore	Dec-21	Dec-20	YOY	Sep-21	QOQ
Total Income (Rs cr)	₹ 1,614.73	₹ 1,410.59	14.47%	₹ 1,469.32	9.90%
Net Profit (Rs cr)	₹ 79.45	₹ 83.26	-4.58%	₹ 87.92	-9.63%
Diluted EPS (Rs)	₹ 7.06	₹ 7.39		₹ 7.80
Net Margins	4.92%	5.90%		5.98%