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BSE   21 Aug 18 | 03:11 PM

990.00 13.65 (1.4%)
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Code: 500411
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NSE   21 Aug 18 | 02:59 PM

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Thermax dips on weak September quarter results

SI Reporter / Mumbai 28 Oct 15 | 09:54 AM

Thermax has dipped 5% to Rs 849 on the NSE after the company reported 25% year on year (YoY) drop in standalone net profit at Rs 65 crore for the second quarter ended September 30, 2015 (Q2) due to lower operational income. The company had profit of Rs 86 crore in the same quarter last year.

Operating income of the company declined by 9% YoY at Rs 1,057 crore against Rs 1,157 crore in the corresponding quarter of previous fiscal.

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Thermax said the order inflow of the company during the quarter dipped 26% to Rs 810 crore from Rs 1,089 crore last year on account of the slack in the power sector.

As of September 30, 2015, Thermax had an order backlog of Rs 4,006 crore against Rs 5,016 crore at the end of September 2014.

Thermax, a leading energy and environment solutions provider, has manufacturing facilities in India, China and Europe.

The stock hit an intra-day low of Rs 837 on the NSE. It trading nears to its 52-week low of Rs 827 touched in last month. A combined 27,602 shares changed hands on the counter on the NSE and BSE.

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