Thermax Q1 total income at Rs.361.8 Crores, net profit at Rs.27.54 Crores

Thermax Ltd has announced the following unaudited results for the quarter ended June 30, 2006:

The Company has posted a profit after tax of Rs 275.40 million for the quarter ended June 30, 2006 (Q1 FY 06-07) where as the same was at Rs 132.80 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income is Rs 3291.70 million for (Q1 FY 06-07) where as the same was at Rs 2295.00 million in (Q1 FY 05-06).

The Consolidated results are as follows:

The Group has posted a net profit after minority interest of Rs 259.30 million for the quarter ended June 30, 2006 (Q1 FY 06-07) where as the same was at Rs 85.70 million for the quarter ended June 30, 2005 (Q1 FY 05-06). Total Income is Rs 3618.00 million for (Q1 FY 06-07) where as the same was at Rs 2904.60 million for (Q1 FY 05-06).

The results of the Company for the quarter ended June 30, 2006 include the results of Thermax Babcock & Wilcox Ltd and Thermax Capital Ltd, wholly owned amalgamated subsidiaries. The results for the corresponding period for the earlier year are therefore not comparable with those of the current period. However, by way of additional information and with a view to facilitate comparison, corresponding figures including those of amalgamated subsidiaries have been given on a memorandum basis.

Source : Equity Bulls

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