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Our Bureau

Pune May 24

Thermax Ltd today announced a 32-per cent revenue growth for 2005-06 at Rs 1,464.9 crore against Rs 941.6 crore for the previous year.

Exports increased 21 per cent to Rs 307.6 crore while the consolidated revenue for the group increased 29 per cent to Rs 1,606.2 crore.

Profit after tax stood at Rs 123.3 crore (Rs 55.29 crore), an increase of 77 per cent. Earning per share was Rs 9.69 on face value of Rs 2 per share.

Operating profit margin increased 3.5 per cent as the transformation initiative started yielding results .

Consolidated profit after tax was up at Rs 102.5 crore against Rs 67.20 crore for the previous year. Earnings per share was Rs 7.96 (last year Rs 5.46). ME Engineering, the UK-based subsidiary, incurred a net loss of £2.08 million affecting consolidated profit.

The order book on consolidated basis stands at Rs 1,730 crore as on March 31, 2006, a 57 per cent increase over last year.

The company has recently bagged a breakthrough contract of Rs 360 crore for the design, manufacture and supply of four auxiliary boilers and five heat recovery steam generators for a major refinery.

Based on the order book position and strong enquiry inflow, the company expects to grow at more than 30 per cent in FY 2006-07.

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