Thermax announced that the Board of Directors of the Company at its meeting held on 10 May 2024, inter alia, have recommended the final dividend of Rs 12 per equity Share (i.e. 600%) , subject to the approval of the shareholders.Powered by Capital Market - Live News

Net profit of Thermax rose 22.01% to Rs 190.33 crore in the quarter ended March 2024 as against Rs 155.99 crore during the previous quarter ended March 2023. Sales rose 19.60% to Rs 2763.68 crore in the quarter ended March 2024 as against Rs 2310.82 crore during the previous quarter ended March 2023.For the full year,net profit rose 43.30% to Rs 645.28 crore in the year ended March 2024 as against Rs 450.29 crore during the previous year ended March 2023. Sales rose 15.25% to Rs 9323.46 crore in the year ended March 2024 as against Rs 8089.81 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2763.682310.82 20 9323.468089.81 15 OPM %9.888.65 -8.547.38 - PBDT300.74243.79 23 941.55719.92 31 PBT250.86214.35 17 793.47603.06 32 NP190.33155.99 22 645.28450.29 43 Powered by Capital Market - Live News

Thermax will hold a meeting of the Board of Directors of the Company on 10 May 2024.Powered by Capital Market - Live News

Thermax announced the opening of its state-of-the-art manufacturing facility in Pune for water and wastewater treatment solutions. This marks a significant step aligned with Thermax`s broader mission of conserving resources and preserving the future.The new facility that is spread across two acres embodies Thermax`s dedication to excellence and engineering, driven by innovation, quality, and customer-centricity. Thermax`s Water and Waste Solutions business, in recent years, has expanded significantly to include not only Reverse Osmosis (RO) and Sewage Treatment Plants (STP) but also Effluent Recycling Systems (ERS) and Zero Liquid Discharge (ZLD) solutions. In addition to these, the plant will also implement and cater to Thermax`s new technologies to offer softener and filter vessels, tubular membrane modules, and Capacitive Deionisation (CDI) solution. The new facility can be scaled to double its capacity.The factory will integrate advanced production techniques and high levels of automation to enhance production efficiency and output while minimising waste. Securing its supply chain, the plant will be supported by nearly 1,000 vendors from Maharashtra and across the country. The facility will also host a remote monitoring setup based on Thermax`s Edge Live � digital solution.Powered by Capital Market - Live News

Net profit of Thermax rose 88.87% to Rs 238.34 crore in the quarter ended December 2023 as against Rs 126.19 crore during the previous quarter ended December 2022. Sales rose 13.42% to Rs 2324.36 crore in the quarter ended December 2023 as against Rs 2049.25 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales2324.362049.25 13 OPM %8.057.85 - PBDT218.88194.02 13 PBT183.04164.95 11 NP238.34126.19 89 Powered by Capital Market - Live News