Comments
Thermax Limited has posted a net profit at Rs 65 crore during Q2 FY16 compared to Rs 86 crore in the same period of FY15, representing a decline of 25 per cent year on year.
The operating revenue at Rs 1,057 crore versus Rs 1,157 crore respectively in the two quarters under review was down by 9 per cent.
During the quarter, the order inflow of the company was Rs 810 crore, a dip of 26 per cent in comparison to Rs 1,089 crore last year. This was on account of the slack in the power sector which continued to affect the order inflow position of the company and of the Group the Pune-based energy and environment solutions company said in a statement.
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.
The Group order backlog stood at Rs 5,162 crore compared to last year’s Rs 6,067 crore.
On the BSE, the Thermax share (FV Rs 2) hit a high of Rs 899 a share, and closed at Rs 893.20 a piece, a gain of Rs 19.25 (2.20%). The market was down by 0.40 per cent.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.