Thermax Q4 net profit zooms 175% at Rs 107 crore

For the complete yr ended March 31, 2021, the corporate maintained its consolidated web revenue ranges because it reported a decline of two% to Rs 207 crore, in comparison with final yr.

Thermax posted a 174% year-on-year (y-o-y) enhance within the firm’s consolidated web revenue at Rs 107 crore for the quarter ended March 31, 2021, primarily pushed by robust progress in income, price discount measures and higher margins within the vitality section.

The corporate had posted a consolidated web revenue of Rs 39 crore within the corresponding quarter, which was impacted by the disruptions brought on by the Covid-19 outbreak.

The capital items main’s consolidated income from operations was greater by 19% y-o-y to Rs 1,575 crore, whereas recent orders in the course of the quarter jumped a pointy 57% y-o-y to Rs1,497 crore aided by a broad-based restoration.

For the complete yr ended March 31, 2021, the corporate maintained its consolidated web revenue ranges because it reported a decline of two% to Rs 207 crore, in comparison with final yr.

The income from operations in the course of the yr got here in at Rs 4,791 crore, registering a decline of 16.4% in comparison with the earlier yr. The order e-book in the course of the yr was at Rs 4,784 crore, declining practically 13% from 2019-2020 ranges of Rs5,498 crore, and an order stability of Rs 5,227 crore.