Thermax Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 03, 2023 at 07:09 am EDT
Share
Thermax Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 23,024.6 million compared to INR 20,752.6 million a year ago. Revenue was INR 23,683.2 million compared to INR 21,150.9 million a year ago. Net income was INR 1,577.3 million compared to INR 1,091.6 million a year ago. Basic earnings per share from continuing operations was INR 14 compared to INR 9.7 a year ago. Diluted earnings per share from continuing operations was INR 14 compared to INR 9.7 a year ago.
For the six months, sales was INR 42,354.2 million compared to INR 37,297.4 million a year ago. Revenue was INR 43,543.4 million compared to INR 37,901.1 million a year ago. Net income was INR 2,166.1 million compared to INR 1,681.1 million a year ago. Basic earnings per share from continuing operations was INR 19.23 compared to INR 14.93 a year ago. Diluted earnings per share from continuing operations was INR 19.23 compared to INR 14.93 a year ago.
Thermax Limited. is an India-based company. The Company offers integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control, and chemicals. It operates in four segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. The Industrial Products segment supplies packaged boilers and fired heaters, besides turnkey solutions for process heating, through a range of heating media, such as steam, thermic fluid, hot water, and hot air. The Industrial Infra segment covers its Projects and Energy Solutions and Thermax Babcock & Wilcox Energy Solutions businesses. The Green Solutions segment includes Thermax Onsite Energy Solutions Limited, which provides green utilities, such as steam, heat, treated water, chilled water, and cogeneration power, along with other utilities. The Chemical segment manufactures and markets a range of specialty chemicals to help improve processes and water use across various industries.
THERMAX LIMITED 
