Energy and environment solutions provider Thermax Ltd on Friday (May 9) reported an 8.1% year-on-year (YoY) increase in its fourth quarter net profit at ₹205.7 crore, up from ₹190.33 crore in Q4FY24.
However, the figure fell short of estimates. The CNBC-TV18 poll had predicted a profit of ₹227.84 crore for the quarter under review.
Revenue from operations was up 11.6% YoY to ₹3,085 crore against ₹2,763.7 crore in the year-ago quarter, again missing the CNBC-TV18 poll forecast of ₹3,159.6 crore.
Also Read: Thermax Q3 results miss estimates, net profit tanks 51% on lower margins, cost overruns
EBITDA rose 9.7% to ₹300 crore over ₹273.2 crore. The CNBC-TV18 poll had predicted an EBITDA of ₹312 crore for the fourth quarter of FY25.
The EBITDA margin narrowed slightly at 9.7% compared to 9.9% in the corresponding period in the previous fiscal, lower than the CNBC-TV18 poll prediction of 9.87%.
The results were affected by the recognition of higher technology intervention costs amounting to ₹66 crore in bio-CNG projects under the industrial infra segment.
Also Read: Thermax anticipates sustained growth with big projects back on track in H2, says CEO
As of March 31, 2025, the order balance for the quarter was ₹10,693 crore (₹10,111 crore), up 6% YoY. The order booking for the quarter was ₹2,119 crore, showcasing an 8% decrease compared to ₹2,309 crore in the same quarter of the previous fiscal year.
The order booking for the quarter was lower by 6% at ₹1,526 crore versus ₹623 crore in the previous year. The order balance on March 31, 2025, stood at ₹6,026 crore (₹6,213 crore), down by 3%.
The board has recommended a dividend of ₹14 per equity share of ₹2 each (700%) for the financial year 2024-25, subject to shareholder approval at the ensuing AGM. The record date for payment of the dividend is fixed as Friday, July 4, 2025.
Also Read: Thermax expects strong ordering activity in FY26
The results came after the close of the market hours. Shares of Thermax Limited ended at ₹3,234.75, up by ₹78.05, or 2.47%, on the BSE.
(Edited by : Shoma Bhattacharjee)
