Thermax in limelight

Thermax posted a very good set of earnings for Q2FY22. Operating revenue went up 29% (YoY) to Rs.1469 crore while PAT showed a bumper growth of 183% at Rs.88 crore.

Its order booking for the quarter was 67% higher at Rs 1,856 crore as against Rs 1,114 crore in the corresponding period last year which was impacted due to the pandemic. According to the company's management, this is the highest order booking in the last eight quarters.

Thermax Group had an order balance of Rs 6,516 crore, up 26%.

The market is naturally very thrilled with this performance. The stock, which had closed yesterday at Rs.1341.85, opened today much higher at Rs.1437.95 and went up to an intraday high at Rs.1503.40. Its 52-week high is at Rs.1569.70.