Thermax Limited reported earnings results for the third quarter and nine months ended December 31, 2024. For the third quarter, the company reported sales was INR 25,077.6 million compared to INR 23,243.6 million a year ago. Revenue was INR 25,392.7 million compared to INR 23,827.6 million a year ago. Net income was INR 1,159 million compared to INR 2,383.4 million a year ago. Basic earnings per share from continuing operations was INR 10.29 compared to INR 21.17 a year ago. Diluted earnings per share from continuing operations was INR 10.29 compared to INR 21.17 a year ago.
For the nine months, sales was INR 73,037.6 million compared to INR 65,597.8 million a year ago. Revenue was INR 74,791.3 million compared to INR 67,371 million a year ago. Net income was INR 4,287.4 million compared to INR 4,549.5 million a year ago. Basic earnings per share from continuing operations was INR 38.06 compared to INR 40.4 a year ago. Diluted earnings per share from continuing operations was INR 38.05 compared to INR 40.4 a year ago.
Thermax Limited is an India-based energy and environment solutions provider. The Company's segments include Industrial Products, Industrial Infra, Green Solutions and Chemical. Industrial Products segment includes air pollution control, cooling, heating, water and waste solutions, and specialized services. Industrial Infra segment includes boilers and fired heaters, projects and energy solutions, and specialized services. Green Solutions segment includes build-own-operate, energy management solutions, green hydrogen projects and renewable energy (solar/wind). Chemical segment includes construction chemicals, ion exchange resins, oil field chemicals and performance chemicals. Its Thermax EDGE Live is a digital solution that uses AI and machine learning to analyze data from all industrial equipment worldwide and help clients to optimize asset performance in terms of up time and efficiency. It serves various industries, including aviation, construction, biotechnology and chemicals.
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