Thermax Q1 Net Profit Down 28.26% at Rs 32.44 cr

Posted By: Religare
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The company reported standalone net profit of Rs 32.44 crore for the quarter ended June 30, 2017 as compared to Rs 45.22 crore in the same period last year, registering a year-on-yeardeclineof 28.26 per cent.

Thermax Q1 Net Profit Down 28.26% at Rs 32.44 cr
Thermax: Quotes, News
BSE 1169.00BSE Quote16.9 (1.45%)
NSE 1162.80NSE Quote8.85 (0.76%)

Net revenue of the company declined moderately by 9.87 per cent at Rs 734.14 crore in April-June quarter of this fiscal as against Rs 814.49 crore in the corresponding period last year.

During April-June quarter, operating expenses dropped by 7.93 per cent to Rs 691.22 crore from Rs 750.77 crore in year ago period.

Other Income grew by 5.41 per cent at Rs 22.23 crore versus (Jun'16 Rs 21.09 crore).

Operating Profit slipped by 32.64 per cent to Rs 42.92 crore as against Rs 63.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.22 per cent in June quarter.

Interest declined by 31.34 per cent y-o-y to Rs 0.46 crore, while Taxation decreased by 21.75 per cent at Rs 17.30 crore (Jun'16 Rs 22.11 crore).

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