Aisa kaise hua? Numbers toh dekho!
Thermax Limited ne apna Q3 FY26 ka financial report nikala hai aur results sunn kar sab hairan hain. Pata hai, consolidated operating revenue 4.2% badh kar ₹2,634.68 crore tak pahunch gaya hai. Lekin asal dhamaka toh Profit After Tax (PAT) mein hua hai, jo ki 79.9% badh kar ₹205.01 crore ho gaya hai. Pichhle saal issi quarter mein yeh ₹113.73 crore tha.
Kya yeh profit sustainable hai?
Dekho, yeh 79.9% wala growth sirf operational performance se nahi aaya hai. Company ko kuch 'exceptional gains' se bhi fayda hua hai, lagbhag ₹58.75 crore ke aas-paas. Ismein ek litigation ka provision reverse karna aur ek court order se aaya interest income bhi shamil hai. Agar exceptional items ko hata de toh PBT (Profit Before Tax) 46.7% badha hai, jo ki ₹230.03 crore hai.
Standalone basis par bhi PAT 70.1% badhkar ₹175.48 crore ho gaya. Yahan bhi exceptional gains kaafi bade the, lagbhag ₹85.38 crore ke. Ye ek overseas investment se impairment reversal aur kuch provision reversals ke karan hua hai. Toh investors ko yeh dheyaan rakhna hoga ki ye exceptional gains kitne time tak milenge.
Order Book mein Toofani Ravaani!
Company ne order booking mein bhi kamaal dikhaya hai. Consolidated order booking quarter mein 34% badhkar ₹3,080 crore ho gayi. Abhi company ke paas total ₹12,641 crore ka order balance hai, jo pichhle saal se 11% zyada hai. Ye future ke liye ekdum solid sign hai!
Aur haan, unhone Nigeria mein Dangote Industries se ₹580 crore se zyada ka bada order bhi jeeta hai boilers ke liye. Data centre segment se bhi lagbhag ₹200 crore ke orders aaye hain, jo ki ek high-growth sector hai. Company ne Dubai mein ek subsidiary bhi kholi hai aur kuch mergers ki planning chal rahi hai, jo ki strategic expansion ke liye achha hai.
Aage kya ho sakta hai?
Thoda dhyan dene wali baat yeh hai ki structural changes ke karan current results ko pichhle results se compare karna thoda mushkil hai. Agar exceptional gains ke bina operational performance lagaatar badhti rahi toh yeh company ke liye bahut achha hoga. Bade international projects ko execute karna aur data centre segment ka performance aane wale quarters mein dekhna hoga. Koi bhi decision lene se pehle, in sab points par gaur karna zaroori hai.