Thermax Ltd Q 1 net rises

PUNE: Thermax Ltd, a provider of solutions for the energy and environment sectors, has posted a 14% rise in net profit for the quarter ended September 30. Net profit rose to Rs. 101.68 crore (Rs. 89.52 crore) on total operating income which rose 19% to Rs. 1303 crore (Rs. 1092 crore).

For the first half, its total operating income rose 25%, to Rs. 2348 crore (Rs. 1881 crore) while net profit rose 17%, to Rs. 181.56 crore (Rs. 155.69 crore).

On a consolidated basis, the group’s total operating income for the first six months of this fiscal was Rs. 2733 crore (Rs. 2001 crore) while net profit was Rs. 194 crore (Rs.158 crore).

At the end of the first six months, Thermax’s order backlog fell to Rs. 5770 crore (Rs. 6602 crore) while the group’s order backlog also fell to Rs. 6531 crore (Rs. 7276 crore).

During the April-September period, Thermax signed technology transfer agreements with Tecnochem Italiana and Gruppo Chimico Dalton, Italy for construction chemicals, to offer advanced chemical technology for infrastructure development projects. It has also signed a technology and partnership agreement with Amonix Inc. of USA to bringconcentrated photovoltaic (CPV) technology for power generation in India.