Thermax surges on reporting 59% rise in Q3 consolidated net profit

Thermax is currently trading at Rs. 2142.65, up by 142.80 points or 7.14% from its previous closing of Rs. 1999.85 on the BSE.

Thermax
Thermax

The scrip opened at Rs. 2098.00 and has touched a high and low of Rs. 2159.80 and Rs. 2031.45 respectively. So far 19260 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 2678.50 on 19-Sep-2022 and a 52 week low of Rs. 1653.00 on 24-Feb-2022.

Last one week high and low of the scrip stood at Rs. 2159.80 and Rs. 1901.30 respectively. The current market cap of the company is Rs. 25120.53 crore.

The promoters holding in the company stood at 61.98%, while Institutions and Non-Institutions held 27.61% and 10.40% respectively.

Thermax has reported results for third quarter ended December 31, 2022 (Q3FY23). The company has reported 2- fold jump in its net profit at Rs 90.01 crore for the quarter under review as compared to Rs 39.22 crore for the same quarter in the previous year. Total income of the company increased 30.30% at Rs 1367.77 crore for Q3FY23 as compared to Rs 1049.73 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 59.09% in its net profit at Rs 126.40 crore for the quarter under review as compared to Rs 79.45 crore for the same quarter in the previous year. Total income of the company increased 27.23% at Rs 2091.57 crore for Q3FY23 as compared to Rs 1643.90 crore for the corresponding quarter previous year.

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