Thermax Q2 net profit falls 4.2% to ₹115 crore
In short
Thermax said its consolidated Q2 net profit fell 4.2% to ₹115 crore. Revenue rose 11.4% to ₹2,756 crore, and EBITDA increased 12.8% to ₹194 crore.
The company said higher input costs, product mix and a ₹15 crore impairment provision hurt profit. Its order balance rose 16% to ₹14,250 crore.
What the reporting says
Thermax reported a 4.2% decline in consolidated Q2 net profit to ₹115 crore, even as revenue rose 11.4% to ₹2,756 crore and EBITDA increased 12.8% to ₹194 crore. The company said profitability was hurt by product mix, higher input costs and a ₹15 crore impairment provision. Thermax also reported a 16% rise in consolidated order balance to ₹14,250 crore.
Why it matters
Thermax reported weaker quarterly profit even as revenue and EBITDA grew. The company pointed to product mix, higher input costs and a ₹15 crore impairment provision as the main drags on profitability. The higher order balance of ₹14,250 crore suggests a stronger project pipeline, which may support future revenue, but the quarter still showed pressure on margins.