Thermax PAT down 11% in Q3FY16

PUNE: Energy and environment company Thermax posted operating revenues of Rs 1039 crore in Q3FY16, a drop of 8% as compared to Rs 1125 crore in the corresponding quarter last year. Profit after tax was down 11% at Rs 68 crore as compared to Rs 76 crore in the third quarter last year.

Order intake for the quarter was Rs.868 crore against Rs.1228 crore for the same quarter in 2014-15. The order booking continues to face headwind due to subdued market conditions, the company said in a media release.

The order backlog of the group is at Rs.4767 crore, lower by 23% compared to Rs.6218 crore last year. Thermax provides integrated and sustainable solutions in the areas of heating, cooling, power, water and waste management, chemicals and air pollution control.