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Hot Pursuit News

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(11 May 2024, 17:04)

Thermax Q4 PAT rises 22% YoY to Rs 190 cr

On consolidated basis, Thermax reported 22.01% jump in net profit to Rs 190.33 crore on 19.6% rise in revenue from operations to Rs 2,763.68 crore in Q4 FY24 over Q4 FY23.


Profit before tax grew by 17.03% year on year to Rs 250.86 crore in the quarter ended 31 March 2024.

The company’s revenue from industrial products business stood at Rs 1,207.39 crore (up 23.13% YoY), revenue from industrial infra business was at Rs 1,356.49 crore (up 16.92% YoY), green solutions business revenue was at Rs 145.82 crore (up 71.53% YoY) while chemical business revenue came at Rs 158 crore (down 8.19% YoY) during the period under review.

The order balance for the quarter was Rs 10,111 crore, up by 4% from Rs 9,752 crore posted in the corresponding quarter previous year. The order booking for the quarter was 2% higher at Rs 2,309 crore as against Rs 2,254 crore reported in Q4 FY23.

On full year basis, the company’s consolidated net profit jumped 43.3% to Rs 645...

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