December 16, 2025 12:41 pm (IST)
Follow us:
Subdued market conditions slow down order booking of Thermax Ltd
Mumbai, Jan 29 (IBNS): Pune-based Thermax Ltd, which offers solutions in the energy and environment sectors, reported its results for the third quarter of financial year 2015-16 on Friday, where it said that a delay in the core sector revival has lowered its profit after tax (PAT) by 11% to Rs 68 crore compared to the same quarter in the financial year 2014-15, when it had reported a PAT of Rs 76 crore.
Profit before tax for the reported quarter was Rs 96 crore compared to Rs 121 crore posted in the year-ago quarter.
For the third quarter in the current financial year, the company posted an operating revenue of Rs 1,039 crore, down 8% from the same quarter in the previous financial year.
Operating revenue for the nine-month period (April-December) at Rs 3,070 crore (Rs 3.099 crore last year) was down by 1%.
Year-to-date, the company posted a profit before tax of Rs 284 crore (Rs 305 crore last year), and a profit after tax of Rs 194 crore (Rs 204 crore last year).
Order intake for the reported quarter was Rs 868 crore against Rs 1,228 crore for the same quarter in 2014-15. Subdued market conditions has slowed down order bookings, the company said in its press release.
The order backlog of the group is at Rs 4,767 crore, lower by 23% compared to Rs 6,218 crore last year,
On a consolidated basis, Thermax Group’s total operating revenue for the nine months stood at Rs 3,882 crore (Rs 3,608 crore last year).
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Why Gold Loans Are a Better Option than Selling Your Gold?
Tue, Dec 16 2025
"India can’t grow without exports," Kant warns, as geopolitics, protectionism reshape global trade
Mon, Dec 15 2025
NCAER appoints Suresh Goyal as 11th Director General
Mon, Dec 15 2025
Rupee in freefall, Sensex dips — India’s economy under pressure?
Mon, Dec 15 2025