Q4 Result: This company's profit increased by 16 crores, earnings increased by 321 crores - 700% dividend announced

News Topical, Digital Desk : Q4 Result: Thermax, a leading industry and energy solutions company, has released the results for the fourth quarter (Q4) of the financial year 2023-24.

The company has increased its consolidated net profit from ₹ 190 crore to ₹ 206 crore in this quarter, which shows good growth on a year-on-year basis.
 

The total consolidated earnings of the company have increased from ₹ 2,764 crore to ₹ 3,085 crore. At the same time, EBITDA has increased from ₹ 273.2 crore to ₹ 300 crore, which shows improvement in the company's operation capacity. However, EBITDA margin has declined marginally from 9.9% to 9.7%, which points to cost pressure. Overall, Thermax has reported strong earnings and profit growth in the fourth quarter, but there is slight pressure on margins. Dividend announcement Thermax, a leading industrial solutions company, has recommended a dividend of ₹ 14 per share (700%) on a face value of ₹ 2 for the financial year 2024-25. This proposal will be subject to the approval of the shareholders in the 44th Annual General Meeting of the company. The record date for dividend payment has been fixed as 4 July 2025 (Friday). With this dividend proposal, the company has taken another step towards giving strong returns to the investors.

Read More: Q4 Result: This company's profit increased by 16 crores, earnings increased by 321 crores - 700% dividend announced