Thermax Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Thermax Ltd reported a 4.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6.6%.
- Its expenses for the quarter were down by 0.9% QoQ and up 8.3% YoY.
- The net profit decreased 42.6% QoQ and decreased 52.0% YoY.
- The earnings per share (EPS) of Thermax Ltd stood at 10.3 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 2539.27 | 2671.36 | 2382.76 | -4.9% | 6.6% |
Total Expenses | 2382.50 | 2405.08 | 2199.39 | -0.9% | 8.3% |
Profit Before Tax | 156.77 | 266.28 | 309.49 | -41.1% | -49.3% |
Tax | 42.54 | 68.25 | 72.10 | -37.7% | -41.0% |
Profit After Tax | 113.73 | 198.00 | 237.06 | -42.6% | -52.0% |
Earnings Per Share | 10.30 | 17.50 | 21.20 | -41.1% | -51.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Thermax Ltd is a leading engineering company providing sustainable solutions in energy and environment. The company operates primarily in the industrial sector, serving a diverse range of industries with its advanced technology solutions. Thermax’s product portfolio includes a wide array of boilers, heaters, and eco-friendly solutions such as waste heat recovery systems, air pollution control systems, and water treatment solutions. The company is known for its focus on green technologies and energy efficiency, offering services that help industries to optimize their operations and reduce their carbon footprint. As of the latest updates, there are no specific major developments mentioned for the current quarter.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Thermax Ltd reported a total income of ₹2539.27 crores. This represents a decrease of 4.9% compared to the previous quarter (Q2FY25), where the total income was ₹2671.36 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), there is an increase of 6.6%, as the total income in Q3FY24 was ₹2382.76 crores. This indicates a year-over-year growth despite the quarter-over-quarter decline. The revenue trends reflect the company's ongoing operations and market conditions within its industry, which influence the total income figures.
Profitability
Thermax Ltd's profitability metrics for Q3FY25 show a decline compared to both the previous quarter and the same quarter of the previous year. The company reported a profit before tax (PBT) of ₹156.77 crores, a decrease of 41.1% from Q2FY25, where the PBT was ₹266.28 crores, and a significant reduction of 49.3% year-over-year from Q3FY24's ₹309.49 crores. The tax expense for the quarter was ₹42.54 crores, which is lower than both Q2FY25 (₹68.25 crores) and Q3FY24 (₹72.10 crores), reflecting a decrease of 37.7% quarter-over-quarter and 41.0% year-over-year. As a result, the profit after tax (PAT) stood at ₹113.73 crores, down 42.6% from ₹198.00 crores in Q2FY25 and down 52.0% from ₹237.06 crores in Q3FY24. The earnings per share (EPS) followed a similar pattern, decreasing to ₹10.30 from ₹17.50 in the previous quarter and ₹21.20 in the same quarter last year, marking declines of 41.1% quarter-over-quarter and 51.4% year-over-year.
Operating Metrics
The total expenses for Thermax Ltd in Q3FY25 amounted to ₹2382.50 crores, a slight decrease of 0.9% from ₹2405.08 crores in Q2FY25. Compared to Q3FY24, total expenses increased by 8.3% from ₹2199.39 crores. This suggests that while expenses have been carefully managed on a quarter-over-quarter basis, there has been an increase over the year, possibly due to inflationary pressures or expansion initiatives. The operating metrics indicate the company's efficiency in managing its costs relative to its revenue generation capabilities. These figures provide insight into the operational aspects of Thermax's business, reflecting its strategic decisions and external economic factors impacting its cost structure.
