Stock Report

Thermax Ltd reports consolidated net profit of Rs. 42.40 crore in Q1FY22



Posted On : 2021-08-05 19:25:44( TIMEZONE : IST )

Thermax Ltd reports consolidated net profit of Rs. 42.40 crore in Q1FY22

Thermax Ltd. has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.1077.75 crores during the period ended June 30, 2021 as compared to Rs.1610.34 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.42.40 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.107.35 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.3.77 for the period ended June 30, 2021 as compared to Rs.9.53 for the period ended March 31, 2021.

FinancialsQ1 FY2021-22Q4 FY20-21% Change
Total Income₹ 1077.75 crs₹ 1610.34 crsDown Tick -33.07%
Net Profit₹ 42.40 crs₹ 107.35 crsDown Tick -60.5%
EPS₹ 3.77₹ 9.53Down Tick -60.44%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.1077.75 crores during the period ended June 30, 2021 as compared to Rs.685.86 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.42.40 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.(15.27) crores for the period ended June 30, 2020.

The company has reported EPS of Rs.3.77 for the period ended June 30, 2021 as compared to Rs.(1.36) for the period ended June 30, 2020.

FinancialsQ1 FY2021-22Q1 FY2020-21% Change
Total Income₹ 1077.75 crs₹ 685.86 crsUp Tick 57.14%
Net Profit₹ 42.40 crs₹ (15.27) crsUp Tick 377.67%
EPS₹ 3.77₹ (1.36)Up Tick 377.21%

As on June 30, 2021, order booking for the quarter was 179 % higher at Rs. 1,696 crore (Rs. 608 crore) in the corresponding quarter, last year which was impacted due to unprecedented shutdown due to covid-19 pandemic. Thermax Group had an order balance of Rs. 6,109 crore (Rs. 5,212 crore), up 17%.

Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has concluded a Rs. 250 crore order for a claus package and an oxidiser package in the sulphur recovery unit for a greenfield refinery in Latin America. The customer, a globally renowned refining company, is setting up a new 340 MBPD (Million Barrels Per Day) crude oil refining capacity to increase the production of high value distillates.

Shares of Thermax Ltd. was last trading in BSE at Rs. 1384.6 as compared to the previous close of Rs. 1385.9. The total number of shares traded during the day was 5907 in over 748 trades.

The stock hit an intraday high of Rs. 1406.75 and intraday low of 1374.25. The net turnover during the day was Rs. 8187563.

Source : Equity Bulls

Keywords