Audited Results of Thermax Ltd. Company

(Rs in Cr.)	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Income	6,254.07	5,821.93	5,141.16	4,015.39	3,131.48
Manufacturing Expenses	48.23	43.77	46.24	39.03	27.03
Personnel Expenses	764.31	683.61	563.65	477.81	453.79
Selling Expenses	20.39	19.96	17.37	7.31	4.98
Administrative Expenses	1,318.15	1,242.18	1,092.50	809.23	670.58
Expenses Capitalised	0	0	0	0	0
Cost Of Sales	5,727.40	5,340.86	4,760.48	3,789.37	2,913.37
Operating Profit	526.67	481.07	380.68	226.02	218.11
Other Recurring Income	202.53	193.49	136.34	124.56	140.40
Adjusted PBDIT	729.20	674.56	517.02	350.58	358.51
Financial Expenses	31.40	23.84	19.58	13.33	8.57
Depreciation	78.39	72.74	73.15	67.19	63.99
Other Write offs	0	0	0	0	0
Adjusted PBT	619.41	577.98	424.29	270.06	285.95
Tax Charges	141	142.62	102.23	55.27	41.90
Adjusted PAT	478.41	435.36	322.06	214.79	244.05
Non Recurring Items	88.87	-1.45	-0.79	-9.94	-102.12
Other Non Cash adjustments	0	0	0	0	0
Reported Net Profit	572.14	437.44	329.26	200.79	141.02
Equity Dividend	142.99	119.16	107.24	83.41	0
Preference Dividend	0	0	0	0	0
Retained Earnings	3,387.54	2,963.25	2,648.50	2,434.47	2,313.03

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