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BW Businessworld

Thermax Registers 179% Higher Order Booking

Thermax posted an operating revenue of Rs. 710 crore during the quarter, 66% higher as compared to Rs. 429 crore in the previous year.

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For the first quarter of FY2021-22, at the consolidated level, Thermax posted an operating revenue of Rs. 1,052 crore, up 58 % as compared to Rs. 665 crore in the corresponding quarter, last year. Profit after tax for the quarter was Rs. 42 crore, against a loss of Rs. 15 crore in the corresponding quarter of FY2020-21. 

As on June 30, 2021, order booking for the quarter was 179 % higher at Rs. 1,696 crore (Rs. 608 crore) in the corresponding quarter, last year which was impacted due to unprecedented shutdown due to covid-19 pandemic. Thermax Group had an order balance of Rs. 6,109 crore (Rs. 5,212 crore), up 17 %.

On a standalone basis, Thermax posted an operating revenue of Rs. 710 crore during the quarter, 66% higher as compared to Rs. 429 crore in the previous year. Profit after tax for the quarter was Rs. 31 crore, compared to last year’s loss of Rs. 2 crore. Order booking for the quarter, Rs. 843 crore (Rs. 477 crore) was 77 % higher. Order balance on June 30, 2021, stood at Rs. 3,642 crore (Rs. 3,612 crore), up 1%. 

Thermax Babcock and Wilcox Energy Solutions (TBWES), a wholly owned subsidiary of Thermax, has concluded a Rs. 250 crore order for a claus package and an oxidiser package in the sulphur recovery unit for a greenfield refinery in Latin America. The customer, a globally renowned refining company, is setting up a new 340 MBPD (Million Barrels Per Day) crude oil refining capacity to increase the production of high value distillates.  


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