Thermax Records Operating Revenue of INR 2,324 Crore in Third Quarter of FY 2023-24
The Company’s consolidated profit after tax (PAT) is Rs. 237 crore (Rs. 126 crore), an increase of 88% over Q3 FY ‘23.
February 09, 2024. By News Bureau
The Company’s consolidated profit after tax (PAT) is INR 237 crore (Rs. 126 crore), an increase of 88% over Q3 FY ‘23. The current year's profit after tax includes an exceptional gain of INR 126 crore from the transfer of leasehold rights of a vacant plot of land. The profit before tax and exceptional items is INR 183 crore (INR 165 crore), up 11%.
As of December 31, 2023, the order balance for the quarter was INR 10,717 crore (INR 9,859 crore), up by 9% from the corresponding quarter of the previous fiscal year. The order booking for the quarter was 14% higher at INR 2,506 crore (INR 2,204 crore).
On a standalone basis, Thermax Limited posted an operating revenue of INR 1,480 crore during the quarter, demonstrating a growth of 11% compared to INR 1,331 crore in the corresponding quarter last year. The profit after tax (PAT) for the quarter stood at INR 201 crore (INR 90 crore), up 123%, attributed to the exceptional gain on the sale of assets, as explained above.
The order booking for the quarter was higher by 17% at INR 1,154 crore (INR 985 crore) as compared to the previous year. The order balance on December 31, 2023, stood at INR 6,258 crore (INR 6,358 crore), down 2%.
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