Thermax Limited's overall net profit increased by over 20% to ₹188 crore in the March 2024 quarter, driven by greater revenues. The company reported a profit after tax of ₹156 crore during the previous fiscal year.
The company's consolidated income increased from ₹2,368.31 crore in the previous year to ₹2,818.93 crore in the current quarter. Furthermore, quarterly order bookings increased by 2% to ₹2,309 crore from ₹2,254 crore the previous year.
The board has suggested a ₹12 dividend per share year 2023-24. The proposal is subject to shareholder approval. Today, Thermax is a prominent energy and environmental solutions company.
Thermax Group is an INR 8,090 crore (1006.14 million US dollars) firm based in Pune, India. Its product offerings include heating, cooling, water and waste management, and specialized chemicals. The company also designs, builds, and commissions big boilers for steam and power generation, complete power plants, industrial and municipal wastewater treatment plants, waste heat recovery systems, and air pollution control projects.
Thermax's technology, products, and services assist industry in increasing resource productivity and improving bottom lines while also protecting the environment. Even when the company turns expenses to profits, it focuses on contributing to environmental protection in limited ways. This is beneficial to both industry and society as a whole.
