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Thermax net profit increases 46 percent to Rs 159 crore in Q2

IndiaTimes Friday, 3 November 2023
Thermax on Friday posted a nearly 46 per cent rise in its consolidated net profit to Rs 159 crore in the September quarter, mainly due to higher revenues. "The company's consolidated profit after tax (PAT) is Rs 159 crore (Rs 109 crore in July-September 2022), an increase of 46 per cent over Q2 FY23," a company statement said. According to the statement, the growth is a reflection of improved operational performance across all segments i.e. industrial products, industrial infra, green solutions and chemicals.
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