Thermax Net Profit Soars Over 2X to Rs 209 Crore in December Quarter

• Thermax Ltd reported a net profit of Rs 209.77 crore in the December quarter, more than double the Rs 90.46 crore from the previous year.
• The significant increase in net profit was attributed to higher income during the quarter.
• Total income for the company rose to Rs 2,697.41 crore, up from Rs 2,560.23 crore in the same period last year.
• The board approved the incorporation of a wholly owned step-down subsidiary in Dubai via Thermax Engineering Singapore Pte Ltd.
• Thermax specializes in providing energy and environment solutions.

Why It Matters: Thermax's net profit more than doubled in Q3, driven by increased income and strategic expansion.