Shares of energy solutions firm Thermax rallied 8 per cent to Rs 1,526.95 on the BSE, in Wednesday’s intra-day trade, after the company reported strong earnings for March quarter (Q4FY21). Its consolidated profit after tax (PAT) more-than-doubled at Rs 107 crore as against Rs 39 crore clocked in Q4FY20. The stock was trading close its 52-week high of Rs 1,550, touched on May 7, 2021.
The management attributes the higher profit to higher sales, cost reduction measures taken across the group, and better margins in the energy segment. The previous year profit was impacted due to the outbreak of Covid-19, it said.
Meanwhile, the company’s consolidated operating revenue grew 19 per cent to Rs 1,575 crore from Rs 1,323 crore in the corresponding quarter of previous fiscal. Ebitda (earnings before interest, taxes,
