Thermax Quarterly Results

Charts

YoY Net Sales (Quarterly)

Operating Margin

EPS Growth

POSITIVES

NEGATIVES

Recent quarter profit declined 25% compared to the previous quarter, raising concerns.
Operating profit margin dropped significantly from earlier quarters, indicating cost pressures.
High depreciation expenses may impact future profitability.

Field	Jun 23	Sep 23	Dec 23	Mar 24	Jun 24	Sep 24	Dec 24	Mar 25	Jun 25
Revenue	1,932.96	2,302.46	2,324.36	2,763.68	2,184.41	2,611.59	2,507.76	3,084.93	2,150.18
Expenses	1,800.76	2,097.84	2,136.94	2,490.53	2,043.26	2,333.62	2,318.77	2,785.26	1,925.08
Operating Profit	132.20	204.62	187.42	273.15	141.15	277.97	188.99	299.67	225.10
Other Income	53.06	65.86	58.40	55.25	84.09	59.77	31.51	76.85	65.63
Interest	13.37	19.80	26.61	27.81	27.48	29.39	28.66	31.25	30.20
Depreciation	29.40	32.96	35.84	49.88	36.03	42.07	35.07	45.34	48.88
Profit Before Tax	91.47	217.47	309.16	250.86	161.31	266.25	156.27	300.64	211.47
Tax	31.52	58.87	72.10	63.28	51.89	68.25	42.54	95.09	60.02
Net Profit	59.95	158.60	237.06	187.58	109.42	198	113.73	205.55	151.45
Eps in Rs	5.23	14	21.17	16.90	10.28	17.49	10.29	18.27	13.53