Thermax Ltd reported flat growth in total revenues for the Dec-20 quarter on consolidated basis at Rs1,410.59cr. If you look at the major verticals of Thermax then pressure came from its largest vertical which supplies to the power and energy sector which saw 5% fall in revenues due to weak industrial demand. The chemicals business was flat while the environmental business showed positive growth on a yoy basis.
The consolidated Profit after tax (PAT) for the Dec-20 quarter was down by -2% at Rs83.26cr. This fall in profits was on account of an exceptional loss of Rs27.9cr in the Dec-20 quarter on account of impairment provision for goodwill made pertaining to Thermax Netherlands BV. As a result, the PAT margins tapered marginally from 6.03% in Dec-19 to 5.90% in Dec-20.
Financial highlights for Dec-20 compared yoy and sequentially
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Thermax Ltd |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 1,410.59 |
₹ 1,410.05 |
0.04% |
₹ 1,163.97 |
21.19% |
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Net Profit (Rs cr) |
₹ 83.26 |
₹ 84.96 |
-2.00% |
₹ 31.24 |
166.52% |
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Diluted EPS (Rs) |
₹ 7.39 |
₹ 7.54 |
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₹ 2.78 |
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Net Margins |
5.90% |
6.03% |
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2.68% |
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