Thermax Ltd. Reports Standalone Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 29, 2016 at 06:46 am
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Thermax Ltd. reported standalone unaudited earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, net sales were INR 9,963.579 million compared with INR 1,140.078 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 828.433 million compared with INR 1,158.791 million for the same period last year. Profit from ordinary activities before tax was INR 957.129 million compared with INR 1,209.164 million for the same period last year. Net profit for the period was INR 678.610 million or INR 5.70 basic and diluted per share as compared with net profit for the period of INR 762.085 million or INR 6.40 basic and diluted per share for the same period last year.
For the nine months, net sales were INR 30,239.146 million compared with INR 30,662.662 million for the same period last year. Profit from operation before other income, financial cost and exceptional items was INR 2,420.441 million compared with INR 2,679.904 million for the same period last year. Profit from ordinary activities before tax was INR 2,844.945 million compared with INR 3,046.241 million for the same period last year. Net profit for the period was INR 1,943.708 million or INR 16.31 basic and diluted per share as compared with net profit for the period of INR 2,036.255 million or INR 17.09 basic and diluted per share for the same period last year.
Thermax Limited. is an India-based company. The Company offers integrated solutions in heating, cooling, power generation, water treatment and recycling, air pollution control, and chemicals. It operates in four segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. The Industrial Products segment supplies packaged boilers and fired heaters, besides turnkey solutions for process heating, through a range of heating media, such as steam, thermic fluid, hot water, and hot air. The Industrial Infra segment covers its Projects and Energy Solutions and Thermax Babcock & Wilcox Energy Solutions businesses. The Green Solutions segment includes Thermax Onsite Energy Solutions Limited, which provides green utilities, such as steam, heat, treated water, chilled water, and cogeneration power, along with other utilities. The Chemical segment manufactures and markets a range of specialty chemicals to help improve processes and water use across various industries.