Thermax Ltd., a prominent engineering company in the industrial equipment sector, posted robust results for Q2 FY25, surpassing market expectations across several key metrics.

The company’s net profit rose 24.5% year-on-year (YoY) to ₹198 crore, higher than CNBC-TV18’s poll estimate of ₹180 crore. Thermax’s revenue increased 13.4% YoY to ₹2,611.6 crore, also above the estimated ₹2,575 crore.

The company’s EBITDA surged 36.2% YoY to ₹278 crore, exceeding analysts’ expectations of ₹233 crore.

EBITDA margin improved to 10.6% from 8.9% a year ago, beating the projected margin of 9.06%. The increased profitability is attributed to operational efficiencies and enhanced cost management, reflecting in the broader margin expansion.

Also read: Godrej Industries Q2 Results | Net profit jumps three-fold to ₹288 crore, revenue surges 22% to ₹4,805 crore

On the Bombay Stock Exchange (BSE), Thermax shares closed at ₹4,916.40, down 3.77% on Tuesday. The Q2 earnings report was released after market hours, so share performance may be impacted in subsequent trading sessions.