370 Per Cent Returns: Multibagger Stock Delivers 25 Per Cent PAT Growth
The company reported a strong financial performance, with year-on-year (Y-o-Y) Profit After Tax (PAT) growth of 24.8 per cent to Rs 198 crore, up from Rs 158.60 crore in the same quarter last year.
In the second quarter of FY25, Thermax Limited reported a strong financial performance, with year-on-year (Y-o-Y) Profit After Tax (PAT) growth of 24.8 per cent to Rs 198 crore, up from Rs 158.60 crore in the same quarter last year.
Financial Performance
The company’s consolidated revenue from operations rose by 13.4 per cent Y-o-Y to Rs 2,611.59 crore, compared to Rs 2,302.46 crore in the corresponding period of FY24. Thermax’s Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) saw a significant rise of 35.9 per cent to Rs 277.97 crore, up from Rs 204.62 crore, with the EBITDA margin expanding by 175 basis points to 10.64 per cent, from 8.89 per cent.
Thermax’s order book performance remained solid, with an order balance of Rs 11,593 crore, reflecting a 12.95 per cent increase over Rs 10,264 crore in the previous year’s quarter. New order bookings for the quarter surged by 69.94 per cent to Rs 3,353 crore, compared to Rs 1,973 crore in Q2 FY24.
About the Company
Thermax Limited offers solutions to the energy, environment, and chemical sectors. The company’s portfolio includes boilers and heaters, absorption chillers/heat pumps, power plants, solar equipment, air pollution control equipment/systems, water and waste recycling plants, ion exchange resins, performance chemicals, and related services.
Stock Price Performance
Year-to-date, Thermax’s stock has increased by 61.43 per cent, with a one-year gain of 71.57 per cent. Currently, the company’s market capitalization stands at Rs 59,685.39 crore. Thermax has climbed 100.3 per cent from its 52-week low, and over the past five years, the stock has delivered a substantial return of 376.56 per cent, significantly outperforming the Nifty, which gained 97.83 per cent over the same period.
Disclaimer: This article is for informational purposes only and not investment advice.