Thermax Group, an Indian multinational engineering company headquartered in Pune, witnessed a significant financial upturn with an 82% increase in net profit to ₹109 crore in the April-June quarter compared to the same period last year. The company also recorded a 13% rise in revenue, reaching ₹2,184 crore. Despite facing a ₹51 crore litigation charge in the previous year, Thermax's performance improved, fueled by strong order inflows totaling ₹2,569 crore for the June quarter. Additionally, the order balance as of June 30 stood at ₹10,681 crore, marking a 2% increase. Chairperson Meher Pudumjee highlighted the company's growth across all business segments in FY24 and its strategic focus on decarbonization solutions. Thermax has embarked on a sustainability journey by introducing energy transition products and green energy projects. Notably, the company has ventured into the green hydrogen market by establishing a unit for hydrogen EPC projects and electrolyzer manufacturing. While a proposed collaboration with Fortescue Future Industries for green hydrogen projects did not materialize, Thermax is actively seeking new partnerships and aims to finalize one within 90 days. The company has also secured a fuel cell project for submarines with the Indian Navy, showcasing its capabilities in innovative solutions. Despite facing challenges in certain projects that affected the order book for the June quarter, Thermax remains optimistic about future growth prospects. The company reported growth in key segments such as chemicals, green solutions, and industrial products. Additionally, Thermax has made strategic investments including opening a new factory in Pune for water and wastewater solutions, acquiring a stake in TSA Process Equipments, and establishing Thermax Chemical Solutions to enhance its chemical business. With a legacy of innovation and a commitment to sustainability, Thermax continues to focus on energy efficiency and environmental impact reduction. The company's expansion efforts reflect its dedication to providing high-quality engineering solutions while prioritizing environmental sustainability and meeting the evolving needs of its clients.