Thermax Q3 Profit Soars 80%, Beats Estimates on Strong Margins & Order Book

• Thermax Ltd reported an 80% year-on-year increase in net profit to ₹205 crore for Q3, significantly exceeding the CNBC-TV18 poll estimate of ₹153.4 crore.
• Revenue grew 4.2% year-on-year to ₹2,634 crore, slightly below expectations.
• EBITDA surged 34.5% to ₹254.3 crore, with EBITDA margin expanding to 9.7% from 7.5% a year ago.
• Exceptional items, including a ₹51 crore provision reversal and ₹29 crore interest income from a Bombay High Court order, boosted profit before tax by ₹59 crore.
• Order booking increased 34% year-on-year to ₹3,080 crore, with the order balance reaching ₹12,641 crore, up 11% from last year.

Why It Matters: Thermax delivered strong Q3 results with profit beating estimates due to margin expansion and robust order growth.