Thermax Q1 net beats forecast
Leading capital goods maker Thermax has posted an extra ordinary first quarter results. Thermax has announced its first quarter financial results for the fiscal year 2010 and it has beaten all forecasts this time.
As per the report there has been a huge net profit rise along with strong growth in both energy and environment segments for the firm. The company has registered a net profit of 661.7 million rupees for the quarter that ended in
30th June, 2010.
Earlier the market experts have predicted that it will post a net of Rs 596 million in this quarter. There has been a mammoth 42% rise in the standalone net profit of the company.
Moreover, the company has seen an exceptional rise in its order book. The order book has surged almost 96% for the quarter under review. It is now worth of 63.3 billion rupees where as there has been a rise of 104% in the consolidated order book that stood at Rs 69.84 billion for the same period. The company has seen a growth in its net sales record as well.