THERMAX

Q4

Q4 net, revenue rise but miss estimates; declares ₹14 dividend Thermax Ltd reported an 8.1% YoY increase in Q4 net profit at ₹205.7 crore, missing estimates. Revenue rose 11.6% to ₹3,085 crore, also below expectations. EBITDA grew 9.7% to ₹300 crore, with margins at 9.7%. Order balance was ₹10,693 crore, up 6% YoY, while order booking dropped 8%. The company announced a ₹14 per share dividend.