Thermax Ltd

(THERMAX)

Thermax Reports Strong Growth and Order Inflows - 18 Nov, 2024

Thermax Ltd. shows strong Q2 performance with increased order inflows and margin recovery. Jefferies maintains a 'Buy' rating, while Prabhudas Lilladher revises EPS estimates downward, citing margin concerns.

Thermax Reports Strong Q2FY2025 Performance - 15 Nov, 2024

Thermax Ltd achieved 13% y-o-y revenue growth in Q2FY2025, driven by segment growth and a Rs. 66 crore incentive. Operating profit rose 36%, and adjusted PAT increased 24% to Rs. 197 crore. Order bookings surged 70% y-o-y, bolstered by significant contracts in Botswana.

Thermax Reports Strong Q2 Earnings and Growth - 14 Nov, 2024

Thermax's Q2 FY25 results showcased a 24.84% net profit increase to ₹198 crore and a 13.43% revenue rise. The company also reported significant order growth, reflecting strong demand across sectors. Shares rose following the earnings announcement, indicating positive investor sentiment.

Thermax Reports Strong Q2 Results and Growth - 13 Nov, 2024

Thermax Ltd reported a nearly 25% rise in Q2 FY25 net profit to ₹198 crore, driven by strong revenue growth and significant order bookings. The company also announced plans for new projects, including a CO2-to-methanol pilot plant. Despite a 4% drop in stock prior to results, the earnings exceeded market expectations.

Thermax Acquires Buildtech, Shares Surge on News - 28 Oct, 2024

Thermax announced the acquisition of Buildtech Products for ₹72 crore, boosting its construction chemicals portfolio. Following the news, shares surged over 4%, with analysts recommending a buy with a target price of ₹6,250-6,350.

Thermax Ltd Expands Portfolio with Strategic Acquisition - 26 Oct, 2024

Thermax Ltd has acquired 100% of Buildtech Products India Pvt Ltd for approximately Rs 72 crore, marking its entry into the construction chemicals sector. This acquisition aligns with Thermax's strategic growth plan, enhancing its production capabilities and distribution across India.

Thermax Acquires Buildtech to Strengthen Chemicals Portfolio - 25 Oct, 2024

Thermax has announced the acquisition of Buildtech Products India for around Rs 72 crore, securing a 100% stake. This strategic move enhances Thermax's position in the growing construction chemicals market, aligning with India's infrastructure development goals.

Thermax Limited Appoints New Chief Technology Officer - 21 Oct, 2024

Thermax Limited has appointed Dr. Santanu Chaudhuri as Chief Technology Officer and member of Senior Management, effective October 21, 2024. Dr. Chaudhuri brings over 27 years of global experience in materials engineering.