A major power sector company witnessed a sharp rally in its stock price, rising 5 percent in Monday’s session following a strong Q4 performance. The company reported an 80 percent quarter-on-quarter surge in net profit and announced a significant 700 percent dividend payout for FY25, drawing investor attention and optimism around its growth trajectory.
During Monday’s trading session, shares of Thermax Limited reached an intra-day high of Rs.3,405.10 per share, rising 2.5 percent from its previous close of Rs.3,239.10 per share. The shares have retreated since then and are trading at Rs.3,267.00 per share. Over the past five years, the shares have delivered over 370 percent returns.
Financial Performance
Thermax Limited experienced a significant rise, fueled by strong growth in both revenue and net profit, as reflected in its latest financial results. In Q4 FY25, the company reported revenue of Rs.3,161.78 crore, marking a 12.14 percent increase from Rs.2,818.93 crore in Q4 FY24. On a quarterly basis, revenue grew by 24.48 percent from Rs.2,539.27 crore in Q3 FY25, indicating strong business growth.
The net profit for the quarter reached Rs.205.55 crore, reflecting a 9.57 percent rise from Rs.187.58 crore in the same period last year. On a quarterly basis, net profit surged by 80.96 percent from Rs.113.73 crore in Q3 FY25, showing robust earnings momentum.
EBITDA increased by 9.7 percent to Rs.300 crore, compared to Rs.273.2 crore. The results were impacted by the recognition of higher technology intervention costs, totaling Rs.66 crore, related to bio-CNG projects within the industrial infrastructure segment.
Order Book Details
As of the end of March 2025, the total order book stood at Rs.10,693 crore, showing a 6 percent increase over Rs.10,111 crore recorded in the same period last year. Despite this growth in backlog, fresh orders booked during the quarter dropped to Rs.2,119 crore, down 8 percent from Rs.2,309 crore in the previous year.
In another business segment, the company recorded an order intake of Rs.1,526 crore, reflecting a 6 percent decline from Rs.1,623 crore in the same quarter of the prior fiscal. The closing order book for this segment was Rs.6,026 crore, slightly lower by 3 percent compared to Rs.6,213 crore last year.
The company’s board has proposed a final dividend of Rs.14 per share (face value Rs.2) for FY25, which equates to a 700 percent payout. This is pending shareholder approval at the upcoming AGM. The dividend record date has been scheduled for Friday, July 4, 2025.
Written by – Siddesh S Raskar
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