How has been the historical performance of Thermax?

Answer:The historical performance of Thermax shows a consistent growth trend in net sales and profits over the years, with net sales reaching 10,388.69 Cr in March 2025, up from 9,323.46 Cr in March 2024 and significantly higher than 8,089.81 Cr in March 2023. The total operating income followed a similar trajectory, increasing to 10,388.69 Cr in March 2025. Operating profit (PBDIT) also saw an upward trend, rising to 1,160.00 Cr in March 2025 from 1,029.96 Cr in March 2024, while profit before tax reached 884.71 Cr in March 2025, slightly up from 869.78 Cr in March 2024. However, profit after tax decreased to 626.94 Cr in March 2025 from 644.01 Cr in March 2024. The company's total assets grew to 11,883.64 Cr in March 2025, compared to 10,044.46 Cr in March 2024, indicating a strong asset base. Total liabilities also increased to 11,883.64 Cr in March 2025, up from 10,044.46 Cr in March 2024. Cash flow from operating activities improved significantly to 1,042.00 Cr in March 2025, compared to 247.00 Cr in March 2024, although the net cash outflow was recorded at -53.00 Cr in March 2025.

Breakdown:
Thermax's financial performance has demonstrated robust growth over the years, particularly in net sales, which increased from 6,128.33 Cr in March 2022 to 10,388.69 Cr in March 2025. This growth in revenue has been accompanied by a rise in operating profit, which reached 1,160.00 Cr in March 2025, reflecting an operating profit margin of 8.74%. Despite a slight decline in profit after tax to 626.94 Cr in March 2025, the overall profitability remains strong, supported by a healthy gross profit margin of 10.04%. The company's total assets have expanded significantly, indicating a solid financial foundation, while total liabilities also rose, reflecting increased borrowing to support growth. Cash flow from operating activities has notably improved, highlighting enhanced operational efficiency, although the net cash position showed a slight outflow in the latest period. Overall, Thermax's financial trajectory suggests a positive outlook, driven by increasing sales and operational profitability.