Thermax Reports Decline in Profitability and Rising Debt-Equity Ratio for Q4 2024
Thermax, a prominent player in the engineering and industrial equipment sector, has recently reported its financial results for the quarter ending December 2024. The results indicate a notable shift in the company's financial landscape, with the score reflecting an adjustment in evaluation over the past three months.The Profit After Tax (PAT) for the quarter stands at Rs 115.90 crore, marking a decline of 18.2% year on year. This trend suggests challenges in maintaining profitability in the near term. Additionally, the company's debt-equity ratio has reached its highest level at 0.32 times, indicating an increasing reliance on borrowing to support operations. This trend raises concerns about the company's liquidity position, which appears to be under pressure.
Furthermore, cash and cash equivalents have dropped to Rs 766.76 crore, the lowest in the last six half-yearly periods, signaling a deterioration in short-term liquidity. These factors contribute to the overall evaluation changes for Thermax, reflecting a complex financial situation that warrants close attention.
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