[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-thermax-ltd-revenue-drop-4-this-fiscal":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fR4DoeVRVekscO3pYCsJIt6KjRPIynjtNlytHFj6IDMg":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$flyRSpjhyVE29pqjd-DzWtoRwNGPXrTq6WJDGSvhczcc":246},{"data":4},{"id":5,"title":6,"slug":7,"excerpt":8,"content":9,"imageUrl":10,"socialImageUrl":11,"publishedAt":12,"author":13,"category":14,"likes":15,"summary":16,"captionLinkedin":17,"captionTwitter":18,"captionInstagram":19,"seo":20,"prevPost":22,"nextPost":26},44,"Thermax Ltd Revenue Drop 4% this Fiscal","thermax-ltd-revenue-drop-4-this-fiscal","Thermax Ltd reports a 4% revenue decline amid pandemic-led lockdowns. Learn how the energy leader is navigating fiscal shifts and new leadership.","\u003Cp>\u003Cimg style=\"float: left;\" src=\"https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2020\u002Fthumbnail_image002.png\" alt=\"\">\u003C\u002Fp>\r\n\r\n\r\n\u003Cp style=\"text-align: left;\">Thermax Ltd, a leading energy and environment solutions provider, posted consolidated revenue of ₹5,731crore, a 4% decline compared to the previous year, even for a profit after tax being ₹212 crore, also the consolidated earnings per ₹2\u002F- share were ₹18.87 compared to ₹28.90 in 2018-19. \u003C\u002Fp>\r\n\u003Cp style=\"text-align: left;\">On a standalone basis, from continuing operations, it posted an operating revenue of ₹3,215 crore, a 9% decline compared to the previous year, with profit of ₹161 crore, same as the previous year, especially after considering ₹15 crore of an exceptional item of expenditure on account of impairment loss on the company’s investments in JVs and subsidiaries. Also, the company had paid interim dividend of ₹7 per share in March 2020. \u003C\u002Fp>\r\n\u003Cp style=\"text-align: left;\">Hugely impacted in profits and the revenue, as well as disrupted business activities, credits to the imposed lockdown by the government from March end, owing to the Covid-19 pandemic. Implementing work from home, all the manufacturing facilities were shut for the period, except the international facilities which were operational in a scaled down pace. Chemical facilities (essential services) resumed production in April, followed by the reopening of all the other facilities by the end of May 2020 in compliance to the guidelines stated by the Government. \u003C\u002Fp>\r\n\u003Cp style=\"text-align: left;\">As a successor to MS Unnikrishnan, MD & CEO, Ashish Bhandari joined the Thermax Group on April 7,2020 as Joint Managing Director. \u003C\u002Fp>\r\n\u003Cp style=\"text-align: left;\">For more information: \u003Cstrong>www.thermaxglobal.com\u003C\u002Fstrong>\u003C\u002Fp>","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2020\u002FscgGG7PNUGkADDdXJcLK.png","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fsocial\u002Fhorizontal\u002Fposts\u002FJuly2020\u002FscgGG7PNUGkADDdXJcLK.png","2020-07-21T05:41:41+05:30","MWM Desk","News",0,"Thermax Ltd recorded a consolidated revenue of ₹5,731 crore, marking a 4% decline compared to the previous fiscal year.\nProfit after tax reached ₹212 crore, while earnings per share dropped to ₹18.87 from the previous year's ₹28.90.\nAshish Bhandari joined the company as Joint Managing Director in April 2020, succeeding MS Unnikrishnan.","Thermax Ltd has released its latest fiscal report, reflecting the significant impact of pandemic-related lockdowns on its operations. The company posted a consolidated revenue of ₹5,731 crore, a 4% decrease year-over-year. Despite the challenging environment, which saw manufacturing facilities temporarily closed, the company maintained stability in its standalone profits and resumed operations in accordance with government guidelines. A key highlight for the organization is the leadership transition, with Ashish Bhandari joining as Joint Managing Director in April 2020. As the industrial sector adapts to a new normal, Thermax's strategic resilience remains a focal point for stakeholders. We look forward to seeing how the leadership team navigates the evolving energy and environment landscape. #Thermax #CorporateNews #EnergyIndustry","Thermax Ltd reports a 4% revenue dip as pandemic lockdowns impact manufacturing operations. Amidst the fiscal shift, Ashish Bhandari takes the helm as Joint Managing Director. #Thermax #BusinessNews","Thermax Ltd reports a 4% revenue decline for the fiscal year as pandemic-driven lockdowns impacted manufacturing facilities. 📉 Despite the headwinds, the company is focused on resilience and strategic continuity. A major change at the top as well—Ashish Bhandari has stepped in as the new Joint Managing Director! 💼 How is your industry navigating the shift in manufacturing and supply chain demands this year? Let us know your thoughts below. 👇 \n\n#Thermax #EnergySector #ManufacturingNews #BusinessUpdate #LeadershipChange #IndustrialInsights #TradeIndustry",{"title":6,"description":8,"keywords":21},"thermax ltd, energy solutions, fiscal performance, business news, industrial manufacturing, corporate earnings, covid-19 impact, ashish bhandari",{"title":23,"slug":24,"imageUrl":25},"Grind Master Partners with Roberts Sinto Corporation","grind-master-partners-with-roberts-sinto-corporation","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2020\u002FIs19Ro92cQvANLWk5M5r.png",{"title":27,"slug":28,"imageUrl":29},"DORIS Group, AVEVA & Schneider Electric to Create Digital Twin 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Investment","essar-marks-15-years-of-stanlow-ownership-and-investment","Essar celebrates 15 years at the Stanlow Manufacturing Complex, unveiling a £4.3B investment strategy for hydrogen and data centers.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fessar-marks-15-years-of-stanlow-ownership-and-investment-g9GAeC.jpeg","2026-08-08T02:00:45+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"Advait Energy Transitions, Manipal Energy Infratech Team Up for Integrated Energy Projects","advait-energy-transitions-manipal-energy-infratech-team-up-for-integrated-energy-projects","Advait Energy Transitions and Manipal Energy Infratech partner to accelerate global energy projects in renewables, BESS, and green 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India.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fkas-group-brings-g-sivakumar-onboard-to-lead-manufacturing-vEi9jn.jpg","2026-07-31T03:43:17+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"NORD Expands Functional Safety of NORDAC ON Drive Electronics","nord-expands-functional-safety-of-nordac-on-drive-electronics","NORD DRIVESYSTEMS upgrades its NORDAC ON frequency inverters with advanced functional safety features for smarter, safer automation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fnord-expands-functional-safety-of-nordac-on-drive-electronics-EQbpyp.jpg","2026-07-31T03:39:50+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"CII GreenPro Summit 2026 Drives India’s Industrial Decarbonization Agenda","cii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda","CII GreenPro Summit 2026 accelerates India's industrial decarbonization with focus on green products and sustainable value chains.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Fcii-greenpro-summit-2026-drives-indias-industrial-decarbonization-agenda-dlMTv5.png","2026-07-31T03:24:02+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"BASF Launches Melyra and Inveris Gold Crop Protection Solutions in India","basf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india","BASF expands its Indian agricultural portfolio with the launch of Melyra and Inveris Gold, delivering advanced crop protection and enhanced productivity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Fbasf-launches-melyra-and-inveris-gold-crop-protection-solutions-in-india-8MqjMh.jpg","2026-07-31T02:38:13+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"L&T Technology Services Launches Ainfonix™ 4.0 to Accelerate AI Adoption","lt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption","L&T Technology Services unveils Ainfonix™ 4.0 at EI Live, a cutting-edge platform designed to accelerate industrial AI adoption and data utility.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FAugust2026\u002Fnews\u002Flt-technology-services-launches-ainfonix-40-to-accelerate-ai-adoption-ddwpfh.jpg","2026-07-31T02:17:58+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"Tembo Global Industries Opens New Vasai Facility, Boosts Capacity to 1,00,000 MTPA","tembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa","Tembo Global Industries scales up! Discover how their new 100,000 MTPA Vasai facility drives engineering innovation and infrastructure growth.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2026\u002Fnews\u002Ftembo-global-industries-opens-new-vasai-facility-boosts-capacity-to-100000-mtpa-0tSB5k.png","2026-07-31T02:07:26+05:30",{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},"N.A.N. MagneTech to Invest INR 1,250 Cr in NdFeB Magnet Plant","nan-magnetech-to-invest-inr-1250-cr-in-ndfeb-magnet-plant","N.A.N. 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