Thermax Q2 earnings miss estimates as higher input costs weigh on profitability; stock in focus
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Thermax shares will be in focus on Friday, November 6, after the company missed analyst estimates for its September quarter.
- ✓Net profit fell 4.2% to ₹115 crore as higher input costs weighed on profitability.
- ✓Although revenue rose 11.4% to ₹2,756 crore, the company also recognised a ₹15 crore impairment provision.
Story at a Glance
- Category
- MARKET
- Reported By
- cnbctv18
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Thermax said higher input costs and an unfavourable product mix in its Industrial Products segment weighed on profitability. It also recognised an additional impairment provision of ₹15 crore in its Green Solutions segment.
Shares of Thermax Ltd. will be in focus on Friday, November 6, after the company reported its September quarter (Q2FY27) results, with revenue and EBITDA growth but a decline in net profit. The company's earnings also missed analyst estimates.
On a consolidated basis, Thermax reported a 4.2% year-on-year decline in net profit to ₹115 crore, compared with ₹120 crore in the corresponding quarter last year.
Revenue for the quarter rose 11.4% to ₹2,756 crore from ₹2,474 crore a year ago. EBITDA increased 12.8% year-on-year to ₹194 crore, compared with ₹172 crore in the year-ago period.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
cnbctv18
Read the full, original unfiltered story directly on the publisher's portal.