Thermax net profit falls 18.3% to Rs 40 crore in Q1

Thermax has posted a 18.3 per cent fall in YoY net profit for the quarter ended June 30.

For the quarter under review, the company reported a consolidated net profit of Rs 40 crore compared with Rs 48.96 crore in the same period last year.

Total consolidated revenue for the quarter came in at Rs 892.57 crore, down 8.65 per cent YoY from Rs 977.14 crore in the year-ago quarter.

Income from operations stood at Rs 892.57 crore, down 10.93 per cent compared to the income of year-ago quarter of Rs 1,002.13 crore.

Thermax reported an operating profit of Rs 53.25 crore for the quarter ended June compared with Rs 61.03 crore a year earlier.