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Thermax's Q3 net down 5% on high input cost
Capital goods maker has Thermax reported a 5% decline in the December quarter profits to Rs 95 crore year-on-year due to high input cost. Sales marginally grew 2% to Rs 1,269 crore on the back of weak order inflows.
Capital goods maker has Thermax reported a 5% decline in the December quarter profits to Rs 95 crore year-on-year due to high input cost. Sales marginally grew 2% to Rs 1,269 crore on the back of weak order inflows.
However, the company said that its year-to-date profit after tax grew 8% to Rs 277 crore and its operating revenue was also 16% higher at Rs 3,617 crore, year-on-year.
The company said in the nine-month ended December 2011, its operating revenues rose 25% to Rs 4,200 crore y-o-y due to the full impact of revenues from the Denmark-based Danstoker Group it acquired on November 2010.
The order backlog of the group is at Rs 5,809 crore, compared with Rs 7,154 crore last year.
Shares of the company were trading at Rs 493.50, down 2.42% at 9:15 hours.
