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Thermax Q1 earnings: Net profit climbs 82%, stock ends higher

Thermax Q1 earnings: Net profit climbs 82%, stock ends higher

Thermax stock ended 2.29% higher at Rs 5184.95 on BSE. Market cap of the firm climbed to Rs 61,781 crore.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Aug 1, 2024 4:07 PM IST
Thermax Q1 earnings: Net profit climbs 82%, stock ends higher Thermax Q1 earnings: Profit before tax climbed to Rs 161 crore in Q1 against Rs 91 crore in the June 2023 quarter.

Shares of Thermax Ltd ended higher on Thursday after the firm reported a 82% rise in Q1 profit. 
Thermax stock ended 2.29% higher at Rs 5184.95 on BSE. Market cap of the firm climbed to Rs 61,781 crore on BSE. Thermax reported a profit of Rs 109 crore in the last quarter against Rs 60 crore profit in the June 2023 quarter. Revenue climbed 13% to Rs 2,184 crore in the last quarter against Rs 1,933 crore in the June 2023 quarter.

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Profit before tax climbed to Rs 161 crore in Q1 against Rs 91 crore in the June 2023 quarter.

Earnings per share rose to Rs 10.28 per share in Q1 against Rs 5.23 per share on June 2023 quarter.

Thermax's business portfolio includes products for heating, cooling, water and waste management, and specialty chemicals. The company also designs, builds and commissions large boilers for steam and power generation, turnkey power plants, industrial and municipal wastewater treatment plants, waste heat recovery systems and air pollution control projects.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Aug 1, 2024 4:07 PM IST
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