Thermax Limited. · NSE:THERMAX
Thermax — Q3 FY2024-25 Earnings Presentation
20 slides from Thermax's earnings presentation, Feb 4, 2025
Slide 1: Stock exchange cover letter - Regulation 30 intimation
February 4, 2025 To The Secretary National Stock Exchange of India Limited BSE Limited Exchange Plaza, C-1, Block G, PJ Towers, Dalal Street Bandra Kurla Complex, Mumbai: 400 001 Bandra (E) Company Scrip Code: 500411 Mumbai – 400 051 Company Scrip Code: THERMAX EQ Sub: Regulation 30 of the SEBI (LOD
Slide 2: Thermax Limited: Investor Presentation Q3 FY 2024-2025
Thermax Limited: Investor Presentation Q3 FY 2024 - 2025 Conserving Resources, Preserving the Future.
Slide 3: Vision: globally respected high performance organisation
To be a globally respected high performance organisation offering sustainable solutions in energy and the environment 2 Conserving Resources, Preserving the Future.
Slide 4: Disclaimer
Disclaimer This presentation includes forward-looking information and statements, including those concerning the outlook for our businesses. These statements are based on current expectations, estimates and projections about the factors that may affect our future performance, encompassing global eco
Slide 5: Thermax at a Glance
Thermax at a Glance 5,225 Employees Globally* Installations in Sales and Service presence in 90+ Countries 30+ Countries Revenue 14 Manufacturing Rs. 9,323 crore Locations (10 in India, 4 abroad) Conserving Resources, Preserving the Future *Permanent employees excluding workmen 4 Confidential and In
Slide 6: Business Highlights – Industrial Products
Business Highlights – Industrial Products Helping recover waste heat generated during Raw pond water treatment potato chips frying plant in leading fertiliser Recently commissioned a company 350 TR Ultra low pressure VAM Commissioned a 500 m3/hr in Africa to help leading snack WTP along with algae t
Slide 7: Business Highlights – Industrial Infra
Business Highlights – Industrial Infra Breakthrough order from a textile major in south India Consistent gas yield TBWES secured a breakthrough achieved order for 2 x 80 TPH multi-biomass fired reciprocating grate boilers for June’24 gas yield performance a textile major in central India, recorded a
Slide 8: Business Highlights – Green Solutions
Business Highlights – Green Solutions Partnering with European confectionery major across India for energy transition Having partnered towards Maharashtra cluster – II sustainability for 2 plants, TOESL intra state solar project deployed a biomass boiler in the 3rd plant of the European MNC, FEPL co
Slide 9: Business Highlights – Chemicals
Business Highlights – Chemicals Profit Improvement in water treatment chemicals market A leading Indian firm placed cooling water treatment orders for three years, contributing to a 50% increase in order booking over last year’s Q3, while the solid chemistry business development is gaining momentum
Slide 10: Thermax Q3 FY 2024-25 Results
Thermax Q3 FY 2024-25 Results 2,296 cr. 11,383 cr. 2,508 cr. 156 cr. 114 cr. 2,782 cr. -8% 6% 8% -50% -52% 8% • No large order booked during the current quarter resulted into lower order book. • The last year’s profit after tax included an exceptional gain of Rs. 126 crore from the sale of a vacant
Slide 11: Q3 – Order Book Status
Q3 – Order Book Status Textile Refinery and Others, petrochemicals Food and 6% Beverages 18% 5% 8% • Continues to build on stable Fertilizer & base orders Agro 7% Power 10% • Enquiry inflow from steel, chemical, and F&B continues to remains strong • Upward trend in enquiry inflow from the biofuel se
Slide 12: Consolidated Performance Indicators
Consolidated Performance Indicators Q2 2025 Performance Indicator Q3, 2025 Q3, 2024 3,353 Order Booking 2,296 2,506 11,593 Order Balance 11,383 10,717 2,612 Revenue 2,508 2,324 266 Profit Before Exceptional Item and Tax 156 183 10.2% PBT before Exceptional Item and Tax % 6.2% 7.9% - Exceptional Gain
Slide 13: Consolidated Performance Summary by Segment
Consolidated Performance Summary by Segment Order Booking Order Balance Segment Q3, Dec. 2024 YOY% Change YTD Dec. 2024 YOY% Change Industrial Products 1,389 40% 4,479 28% Industrial Infra 669 -46% 5,756 -8% Green Solutions 47 -51% 894 7% Chemical 191 10% 254 98% Total 2,296 -8% 11,383 6% • Order bo
Slide 14: Business Performance Summary
Business Performance Summary For Q3, FY 2024-25 For Q3, FY 2023-24 YTD Dec 24 YTD Dec 23 Segments Sales PBIT PBIT % Sales PBIT PBIT % Sales PBIT PBIT % Sales PBIT PBIT % Industrial 1,080 122 11.3% 1,023 101 9.9% 3,099 323 10.4% 2,848 256 9.0% Products Industrial 1,132 1 0.1% 1,097 39 3.6% 3,299 71 2
Slide 15: Business Segment Wise - Quarterly Trend
Business Segment Wise - Quarterly Trend Industrial Products Industrial Infra 1,600 160 2,000 100 1,800 Value in Rs. Crore’s 1,400 140 80 Value in Rs. Crore’s 1,200 120 1,600 1,400 60 1,000 100 PBIT 800 80 1,200 40 PBIT 600 60 1,000 800 20 400 40 600 200 20 - 400 - - 200 (20) Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
Slide 16: Domestic – Export Business Performance
Domestic – Export Business Performance FY 2023-24 YTD Dec. 24 Q3 FY 2024-25 54 201 483 206 397 Chemical 138 Chemical Chemical - Order - - 1,624 Green Solutions 47 Green Solutions 241 Green Solutions 204 1,783 Book 3,667 592 432 Industrial Infra 76 Industrial Infra Industrial Infra 3,309 2,712 848 In
Slide 17: Industry Outlook
Industry Outlook Input Cost Market Sentiments Demand • Increase in input cost in • Globally, the Manufacturing • Enquiry inflows from Chemical Segment. PMI stood at 48.8 in distillery, metals, chemical September 2024, indicating a and F&B remain strong contraction in manufacturing • Power enquiry in
Slide 18: Highlights at Thermax
Highlights at Thermax • Grade 1 ESCO Recognition by BEE – Thermax has been empanelled as a Grade 1 Energy Service Company (ESCO) by the Bureau of Energy Efficiency (BEE). • Manufacturing Today Award – Thermax has been recognised with the ‘Excellence in Sustainability and Circular Economy Award’ by M
Slide 19: New Partnerships & Incorporations
New Partnerships & Incorporations • Buildtech Products India Pvt. Ltd. Partnership – Thermax boosts its construction chemicals portfolio with the acquisition of Buildtech Products India Private Limited. • On December 06, 2024, Thermax Chemical Europe A/S, has been incorporated as a wholly owned subs
Slide 20: Conserving Resources, Preserving the Future. Contact Us
Conserving Resources, Preserving the Future. For more information about Thermax: Contact Us Thermax Limited Thermax House 14, Mumbai - Pune Road, Wakdewadi, Pune - 411 003, India www.thermaxglobal.com