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.

The company was able to receive fresh orders worth Rs 1,258 crore. Its total order book size stood at Rs 4,474 crore as on June 30, 2012. The results for consolidated group showed that profit fell 40 per cent from Rs 80 crore in the previous year to Rs 52 crore during the quarter. The company's Rs 1,170 crore was about 5.6 per cent lower compared to the previous quarter.

The consolidated order balance fell to Rs 5,042 crore compared to Rs 6,804 crore in the same quarter of the previous year. The company's power business was unable to operate well during the first quarter.