Thermax announces Q2 net profit of Rs.35.08 Crores

Thermax Ltd has announced the following Unaudited results for the quarter ended September 30, 2006:

The Company has posted a net profit of Rs 350.80 million for the quarter ended September 30, 2006 where as the same at Rs 253.10 million for the quarter ended September 30, 2005. Total Income is Rs 4910.50 million for the quarter ended September 30, 2006 where as the same was at Rs 3114.30 million for the quarter ended September 30, 2005.

The results of the Company for the quarter ended September 30, 2006 include the results of Thermax Babcock & Wilcox Ltd. and Thermax Capital Ltd., wholly owned amalgamated subsidiaries. The results for the corresponding periods 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.

The Company is investing about Rs 175 crores at Savli in Gujarat to add substantially to its manufacturing capacity.

Source : Equity Bulls

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