Financial Daily from THE HINDU group of publications
Thursday, May 12, 2005
Financial Daily from THE HINDU group of publications Thursday, May 12, 2005 |
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Corporate Results
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Engineering Thermax revenue up 56% at Rs 941 cr Our Bureau
Pune , May 11 THERMAX Ltd, an engineering and energy management company, has recorded a 56-per cent revenue growth for the year 2004-05 to touch Rs 941.2 crore. Exports have increased to Rs 176 crore from Rs 118 crore last year. Consolidated revenue for the group has climbed 55 per cent to Rs 1,281 crore. According to an official communication, profit after tax in 2004-05 was Rs 55.3 crore and earnings per share was Rs 21.83, about the same level as last year after expensing Rs 9 crore on a transformation project and a fall of Rs 10 crore in investment income on its portfolio of Rs 272 crore. Consolidated profit after tax this year was up 10 per cent to Rs 68.3 crore and earnings per share was Rs 27.3 (Rs 25.4). The board of directors has recommended a dividend of 6 per cent on redeemable preference shares and announced an early redemption of the 6-per cent redeemable preference shares of face value of Rs 10 each, aggregating Rs 47.7 crore. The board also recommended a dividend of Rs 12 per equity share of face value Rs 10 each (120 per cent). The order book of the company stood at Rs 773 crore, which is 80 per cent higher than that in the same time last year. The consolidated order book was Rs 1,127 crore, 65 per cent higher than last year.
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