Thermax Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 31, 2013 at 12:04 pm
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Thermax Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported net sales/income from operations of INR 10,290.246 million compared to INR 12,629.677 million a year ago. Total income from operations of INR 10,468.272 million compared to INR 12,693.303 million a year ago. Profit from operations before other income interest and exceptional items were INR 986.139 million compared to INR 1,244.280 million a year ago. Profit from ordinary activities before tax was INR 1,090.063 million compared to INR 1,364.140 million a year ago. Net profit was INR 763.602 million compared to INR 954.861 million a year ago. Basic and diluted earnings per share were INR 6.41 compared to INR 8.01 a year ago.
For nine months, the company reported net sales/income from operations of INR 31,831.245 million compared to INR 35,825.676 million a year ago. Total income from operations of INR 32,226.799 million compared to INR 36,172.294 million a year ago. Profit from operations before other income interest and exceptional items were INR 2,995.204 million compared to INR 3,557.599 million a year ago. Profit from ordinary activities before tax was INR 3,389.396 million compared to INR 4,038.375 million a year ago. Net profit was INR 2,346.381 million compared to INR 2,770.548 million a year ago. Basic and diluted earnings per share were INR 19.69 compared to INR 23.25 a year ago.
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.