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Thermax Ltd has posted a net profit of ₹132 crore in the fourth quarter of FY15 compared to ₹106 crore in the same quarter of FY14, representing a rise of 24.5 per cent.
Revenues for the Pune-based energy and environment solutions company rose by 10 per cent and stood at ₹1,521 crore and ₹1,383 crore respectively in the two three-month periods under review. The board has recommended a dividend of ₹7 per share (350 per cent) for 2014-15.
In FY15, Thermax has posted an improved performance in a subdued domestic market, where there has been no noticeable recovery in the core sectors of the economy, on the back of orders carried forward from the previous year.
The profit after tax stood at ₹336 crore, a rise of 33 per cent higher compared to ₹253 crore in FY14.
Operating revenues of ₹4,697 crore, stood 9 per cent higher than that in the previous year (₹4,302 crore).
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