{"id":577404,"date":"2023-05-18T09:45:00","date_gmt":"2023-05-18T04:15:00","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=577404"},"modified":"2023-05-18T10:13:12","modified_gmt":"2023-05-18T04:43:12","slug":"thermax-beats-q4-profit-expectations-on-back-of-strong-sales-growth","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/thermax-beats-q4-profit-expectations-on-back-of-strong-sales-growth\/","title":{"rendered":"Thermax beats Q4 profit expectations on back of strong sales growth"},"content":{"rendered":"<p>Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales.<\/p>\n<p>Consolidated net profit rose to 1.56 billion rupees ($19.08 million) for the three months ended March 31, from 1.03 billion rupees a year earlier.<\/p>\n<p>Analysts, on an average, had expected a profit of 1.52 billion rupees, according to Refinitiv IBES data.<\/p>\n<p>Meanwhile, Thermax saw a decline of 34%, or 22.54 billion rupees, in its order book in the quarter as the corresponding quarter a year ago had included two significantly large orders.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indian sustainable energy solutions provider Thermax Ltd posted a better-than-expected jump of 52% in fourth-quarter net profit on Wednesday, helped by a 16% rise in sales. Consolidated net profit rose to 1.56 billion rupees ($19.08 million) for the three months ended March 31, from 1.03 billion rupees a year earlier. Analysts, on an average, had expected a profit of 1.52 billion rupees, according to Refinitiv IBES data. Meanwhile, Thermax saw a decline of 34%, or 22.54 billion rupees, in its order book in the quarter as the corresponding quarter a year ago had included two significantly large orders.<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-577404","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577404","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=577404"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/577404\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=577404"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=577404"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=577404"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}