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Journalism of Courage
Industrial energy solutions provider Thermax on Friday reported a 28.14 per cent jump in consolidated net profit for the quarter ended June 30 to Rs 85.6 crore.
The company had posted a net profit of Rs 66.8 crore for the corresponding period last year,Thermax said in a filing to the Bombay Stock Exchange (BSE).
Consolidated total income during the first quarter also increased by 48.57 per cent to Rs 1,240.4 crore from Rs 834.9 crore in the year-ago period,it added.
The company’s consolidated order balance at the end of the quarter stood at Rs 6,804 crore,down 2.6 per cent.
Domestic markets are under negative sentiments due to interest rate hikes,land acquisition challenges,material cost inflation and fuel availability. In this tough environment,the company is putting in all efforts to ensure growth while still managing the margins, the company said.
Reacting to the results,the company’s shares were trading 2.78 per cent up at Rs 602.75 apiece on the BSE in the Thursday afternoon.
