The Hindu Business Line : Thermax Q4 PAT rises 16%

Pune, May 21 Thermax Ltd, energy and environment management company, announcing its audited results for 2007-08, has stated that it recorded a 47 per cent increase in income over the previous year to Rs 3,246 crore.

The company had reported a total income of Rs 2,210.03 crore. Export income, including deemed exports, registered an increase of 69 per cent to touch Rs 678 crore as against Rs 401 crore, recorded during the previous fiscal.

The consolidated income of the group was 49 per cent higher and stood at Rs 3,525 crore compared Rs 2,363 crore in the previous year. Profit after tax for 2007-08 was up 50 per cent at Rs 281 crore against Rs 188 crore for 2006-07.

Consolidated profit after tax for the year also rose 50 per cent to touch Rs 291 crore (Rs 193.72 crore). Consolidated earnings per Rs 2 share was Rs 24.40 compared to Rs 16.26 in the previous year.

The company has announced a dividend of 400 per cent compared with 300 per cent in the previous year. In Q4 of 2007-08, income rose by 12 per cent to Rs 935 crore against Rs 831.64 crore. Profit after tax for the quarter was Rs 81 crore (Rs 69.73 crore), up 16 per cent.

Consolidated income for the quarter was Rs 1,031 crore (Rs 869 crore) and consolidated net profit for the quarter was Rs 83 crore (Rs 61 crore).

Order book

Thermax group’s order book stands at Rs 2,637 crore as on March 31, 2008 compared with Rs 3,100 crore in the previous year. Based on the current order book scenario, the company expects a lower rate of growth in fiscal 2008-09, according to an official release.

Related Stories:
Thermax China unit to go on stream in June
Thermax Q3 net rises 35%