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HomeMarket NewsThermax beats Q2 estimates with 36% EBITDA growth, margins up
Thermax reported a 24.5% year-on-year growth in net profit for Q2 FY25, reaching ₹198 crore, driven by strong EBITDA growth and margin improvement.
By Sheersh Kapoor November 13, 2024, 4:35:55 PM IST (Published)
Thermax Ltd., a prominent engineering company in the industrial equipment sector, posted robust results for Q2 FY25, surpassing market expectations across several key metrics.
The company's net profit rose 24.5% year-on-year (YoY) to ₹198 crore, higher than CNBC-TV18’s poll estimate of ₹180 crore. Thermax’s revenue increased 13.4% YoY to ₹2,611.6 crore, also above the estimated ₹2,575 crore.
The company’s EBITDA surged 36.2% YoY to ₹278 crore, exceeding analysts’ expectations of ₹233 crore.
EBITDA margin improved to 10.6% from 8.9% a year ago, beating the projected margin of 9.06%. The increased profitability is attributed to operational efficiencies and enhanced cost management, reflecting in the broader margin expansion.
On the Bombay Stock Exchange (BSE), Thermax shares closed at ₹4,916.40, down 3.77% on Tuesday. The Q2 earnings report was released after market hours, so share performance may be impacted in subsequent trading sessions.
