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Thermax on Tuesday reported a net profit of Rs 126.50 crore for the quarter ended March 31, 2011 as against a loss of Rs 15.68 cr in the corresponding period of last year.
The total income during the fourth quarter increased by 45.28 per cent to Rs 1,771.34 crore compared with Rs 1,219.26 crore in the year-ago period.
For the entire 2010-11 financial year, the net profit of the company soared by over two-fold to Rs 382.42 crore from Rs 141.44 crore in the previous fiscal.
The total income in the last fiscal also rose by 53.30 per cent to Rs 4,883.23 crore from Rs 3,185.47 crore in 2009—10, the company said.
The company’s board recommended a dividend of 450 per cent, which is Rs 9 per equity share of face value of Rs 2 each, for 2010—11. Shares of the company today closed 0.54 per cent down at Rs 641.75 on the BSE.
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