[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"article-thermax-ltd-revenue-drop-4-this-fiscal":3,"$fjnKX72BiLw-CiZZ5MQCs0a0C_bANyAZUVd6PqPzBgJg":30,"$f-j9YGNBwRSSL7SH4JzUpRZrBt_Eb-enBkRymgC2HvJg":167,"$fzgh9HMZBeog6YYmi6_wf9F1_8E0448vNEX9r4SOC_2g":208,"$fx0Dz-WUAXgaGJDFKp5JoFihuourpw4oC0uNO6EDK9Y8":214,"$fBs-3dKXserit54u6K6tjeid5TCkHQqDr9_Bj5KlRb7I":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=\"\" \u002F>\u003C\u002Fp>\r\n\r\n\r\n\u003Cp class=\"LO-normal\" 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 class=\"LO-normal\" 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 class=\"LO-normal\" 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 class=\"LO-normal\" 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 class=\"LO-normal\" 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\u002Fdata.magicwandmedia.in\u002Fsocial\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 Alliance","doris-group-aveva-schneider-electric-to-create-digital-twin-alliance","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FJuly2020\u002FMiop58GHWfUwo9DKAF2u.jpg",{"data":31,"links":104,"meta":109},[32,38,44,50,56,62,68,74,80,86,92,98],{"title":33,"slug":34,"excerpt":35,"imageUrl":36,"publishedAt":37,"author":13,"category":14},"SUBCON Thailand 2026 Hits US$ 705 Million in Parts Trade","subcon-thailand-2026-hits-us-705-million-in-parts-trade","SUBCON Thailand 2026 reports US$ 705.5 million in parts trade, highlighting Thailand's growing role in global industrial supply chains.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fsubcon-thailand-2026-hits-us-705-million-in-parts-trade-s4mwHD.jpg","2026-05-26T01:52:55+05:30",{"title":39,"slug":40,"excerpt":41,"imageUrl":42,"publishedAt":43,"author":13,"category":14},"ANSCER Robotics Secures US $5.4 M Led by IAN Alpha Fund","anscer-robotics-secures-us-54-m-led-by-ian-alpha-fund","ANSCER Robotics raises $5.4M to scale AI-native automation for global warehouses. Discover how this Indian innovator is reshaping industrial logistics.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fanscer-robotics-secures-us-54-m-led-by-ian-alpha-fund-iIkfI8.jpg","2026-05-26T01:28:52+05:30",{"title":45,"slug":46,"excerpt":47,"imageUrl":48,"publishedAt":49,"author":13,"category":14},"Belrise Industries Delivers Strong FY26 Earnings and Strategic OEM Wins","belrise-industries-delivers-strong-fy26-earnings-and-strategic-oem-wins","Belrise Industries reports strong FY26 results with a 41% jump in net profit and major global acquisitions in the aerospace manufacturing sector.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fbelrise-industries-delivers-strong-fy26-earnings-and-strategic-oem-wins-iXDbRw.jpg","2026-05-25T18:53:18+05:30",{"title":51,"slug":52,"excerpt":53,"imageUrl":54,"publishedAt":55,"author":13,"category":14},"Covestro, EMPTECH Partner on High-Security ID Solutions ","covestro-emptech-partner-on-high-security-id-solutions","Covestro and EMPTECH join forces to develop high-security ID document solutions, combining advanced material science with personalization technology.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fcovestro-emptech-partner-on-high-security-id-solutions.jpg","2026-05-25T00:53:14+05:30",{"title":57,"slug":58,"excerpt":59,"imageUrl":60,"publishedAt":61,"author":13,"category":14},"Castrol India Appoints Anoop Jindal as Vice-President B2B Sales","castrol-india-appoints-anoop-jindal-as-vice-president-b2b-sales","Castrol India elevates Anoop Jindal to Vice President of B2B Sales for OEM & South Asia, effective June 2026. Discover his impact.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fcastrol-india-appoints-anoop-jindal-as-vice-president-b2b-sales.jpg","2026-05-24T21:06:54+05:30",{"title":63,"slug":64,"excerpt":65,"imageUrl":66,"publishedAt":67,"author":13,"category":14},"Exel Composites, De Angeli Prodotti Advance European Grid Modernization   ","exel-composites-de-angeli-prodotti-advance-european-grid-modernization","Discover how Exel Composites and De Angeli Prodotti are upgrading aging European power grids using innovative carbon fiber tech to double transmission capacity.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fexel-composites-de-angeli-prodotti-advance-european-grid-modernization.jpg","2026-05-24T18:05:23+05:30",{"title":69,"slug":70,"excerpt":71,"imageUrl":72,"publishedAt":73,"author":13,"category":14},"Man Industries Completes US$ 102M Acquisition of Saudi Pipe Manufacturer NPC","man-industries-completes-us-102m-acquisition-of-saudi-pipe-manufacturer-npc","Man Industries expands its global footprint with a US$ 102M acquisition of Saudi-based National Pipe Co. Read the full details here.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fman-industries-completes-us-102m-acquisition-of-saudi-pipe-manufacturer-npc.jpg","2026-05-24T15:14:33+05:30",{"title":75,"slug":76,"excerpt":77,"imageUrl":78,"publishedAt":79,"author":13,"category":14},"VDMA India Members Expect Sustained Revenue Growth in India","vdma-india-members-expect-sustained-revenue-growth-in-india","VDMA India’s latest survey reveals robust growth for machinery firms. Explore how domestic demand and industrial policy are driving success.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fnews\u002Fvdma-india-members-expect-sustained-revenue-growth-in-india.jpeg","2026-05-24T14:44:59+05:30",{"title":81,"slug":82,"excerpt":83,"imageUrl":84,"publishedAt":85,"author":13,"category":14},"Advait Energy Transitions, TECO Fuel Cell Technology Sign MoU at India-Nordic Summit","advait-energy-transitions-teco-fuel-cell-technology-sign-mou-at-india-nordic-summit","Advait Energy Transitions and Norway’s TECO Fuel Cell Technology sign a landmark MoU to manufacture hydrogen fuel cells in India.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002FEsiBQ6tM9acM3NhWbEl0.jpeg","2026-05-19T23:27:04+05:30",{"title":87,"slug":88,"excerpt":89,"imageUrl":90,"publishedAt":91,"author":13,"category":14},"AITMC Ventures Inaugurates Phase-1 of INR 80Cr Drone City Haryana","aitmc-ventures-inaugurates-phase-1-of-inr-80cr-drone-city-haryana","AITMC Ventures inaugurates Phase-1 of Drone City Haryana, an INR 80Cr initiative boosting indigenous drone manufacturing and R&D for the region.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002Fudw4rD4lORFz47MDq3Vy.jpeg","2026-05-19T18:31:29+05:30",{"title":93,"slug":94,"excerpt":95,"imageUrl":96,"publishedAt":97,"author":13,"category":14},"Cyient DLM Names Ramakanth Alapati President & Chief Strategy and Growth Officer","cyient-dlm-names-ramakanth-alapati-president-and-chief-strategy-and-growth-officer","Cyient DLM appoints Ramakanth Alapati as President and Chief Strategy and Growth Officer to spearhead global expansion and innovation.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002FCxlhu5wFh5RMqPFib0B6.jpg","2026-05-19T17:44:09+05:30",{"title":99,"slug":100,"excerpt":101,"imageUrl":102,"publishedAt":103,"author":13,"category":14},"Sahasra Semiconductors Inaugurates Rajasthan’s First Semiconductor Plant","sahasra-semiconductors-inaugurates-rajasthan-s-first-semiconductor-plant","Rajasthan marks a historic milestone as Sahasra Semiconductors opens the state's first semiconductor plant, boosting India’s electronics manufacturing.","https:\u002F\u002Fmedia.magicwandmedia.in\u002Fposts\u002FMay2026\u002F2Y5NyMBkuwylxS5RkPZx.jpg","2026-05-18T19:28:14+05:30",{"first":105,"last":106,"prev":107,"next":108},"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=1","https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=118",null,"https:\u002F\u002Fdata.magicwandmedia.in\u002Fapi\u002Fnews?page=2",{"current_page":110,"from":110,"last_page":111,"links":112,"path":164,"per_page":165,"to":165,"total":166},1,118,[113,116,119,122,126,130,134,138,142,146,150,154,156,160,162],{"url":107,"label":114,"page":107,"active":115},"« 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