The Thermax Ltd stock saw a sharp intra-day rally of around 8% on Wednesday as investors cheered its Q4FY21 earnings.
Apart from a stellar operating performance, it also reported an improvement in order inflows. Despite commodity cost inflation, its earnings before interest, tax, depreciation and amortization (Ebitda) margins expanded by 408 basis points to 8.9% in the March quarter. One basis point is one-hundredth of a percentage point.
Order inflow of ₹1,497 crore in Q4FY21 was up by 57% on a year-on-year basis. It should be noted that the company’s order inflows improved after declining in the three previous quarters.
