Thermax Ltd
Thermax net profit falls 16.5% during first quarter
Submitted by Rajvir Khanna on Thu, 07/26/2012 - 23:11.
Energy and environment company, Thermax Ltd has reported a disappointing 16.5 per cent in net profit to Rs 67 crore compared to Rs 80 crore in the same quarter of the previous year.
The fall in profit was reported as the company's power business faced difficult market conditions. The total income of the company also fell 5.8 per cent at Rs 983 crore during the quarter compared to Rs 1,044 crore in the same quarter of the earlier fiscal year.
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