Thermax Q2 net profit down 10 per cent
Thermax Ltd said reported a 10% fall in its net profit for the second quarter at Rs 91 crore against Rs 102 crore in the same period previous fiscal.
By ET Bureau |
NEW DELHI: Thermax Ltd said reported a 10% fall in its net profit for the second quarter at Rs 91 crore against Rs 102 crore in the same period previous fiscal.
The company said investment in infrastructure in India an overseas, especially in the power sector, is yet to regain momentum.
The company posted a total operating income of Rs 1,192 crore in the September 2012 quarter -- 9 % lower than Rs 1304 crore in the same quarter of the previous year.
As on September 30, 2012, Thermax has an order backlog of Rs 4412 crore against Rs 5770 crore in September 2011. The group order backlog stands at Rs 4984 crore against Rs 6531 crore in the corresponding period.
During the current quarter, Thermax won a Rs 280 crore turnkey order for a combined cycle extension power project in the North East.
The company said investment in infrastructure in India an overseas, especially in the power sector, is yet to regain momentum.
The company posted a total operating income of Rs 1,192 crore in the September 2012 quarter -- 9 % lower than Rs 1304 crore in the same quarter of the previous year.
As on September 30, 2012, Thermax has an order backlog of Rs 4412 crore against Rs 5770 crore in September 2011. The group order backlog stands at Rs 4984 crore against Rs 6531 crore in the corresponding period.
During the current quarter, Thermax won a Rs 280 crore turnkey order for a combined cycle extension power project in the North East.
Too busy to trade in stocks? Invest in Mutual Funds with ET Money!
Bookmark or read stories offline -
Download ET Markets APP
Download ET Markets APP
ADVERTISEMENT
