Heavy Electrical Equipment company Thermax announced Q1FY24 results: Consolidated Q1FY24: Operating revenue of Rs 1,933 crore in Q1FY24, 17% higher as compared to Rs 1,654 crore in Q1FY23. Profit after tax (PAT) is Rs 60 crore (Rs 59 crore), an increase of 2% over Q1FY23. The results were adversely impacted due to an exceptional item of provision related to ongoing litigation of Rs 51 crore. The profit before tax (PBT) and the exceptional item is Rs 142 crore (Rs 81 crore), up 75%. As of June 30, 2023, the order balance for Q1FY24 was Rs 10,505 crore (Rs 9,554 crore), up by 10% from Q1FY23. The order booking for Q1FY24 was 11% higher at Rs 2,567 crore (Rs 2,310 crore). Standalone Q1FY24: Operating revenue of Rs 1,161 crore during Q1FY24, demonstrating a growth of 23% compared to Rs 947 crore in Q1FY23. Profit after tax for Q1FY24 stood at Rs 44 crore (Rs 24 crore), up 83%. The order booking for Q1FY24 was lower by 5% at Rs 1,627 crore (Rs 1,707 crore) as compared to Q1FY23. Order balance on June 30, 2023, stood at Rs 6,746 crore (Rs 6,981 crore), down 3%. During Q1FY24, Thermax concluded a major order of Rs 271.5 crore from India's biggest oil refinery in the private sector. The company also commissioned a state-of-the-art wind-solar hybrid captive plant with a capacity of 45.8 MW in Gujarat. Result PDF