Thermax Q1 net profit at Rs.56.01 Crores, up 103.37%

Thermax Ltd has announced the following Unaudited results for the quarter ended June 30, 2007.

The Company has posted a net profit of Rs 560.10 million for the quarter ended June 30, 2007 as compared to Rs 275.40 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3291.70 million for the quarter ended June 30, 2006 to Rs 6763.00 million for the quarter ended June 30, 2007.

The Consolidated results are as follows: The Group has posted a net profit after minority interest of Rs 556.30 million for the quarter ended June 30, 2007 as compared to Rs 259.30 million for the quarter ended June 30, 2006. Total Income has increased from Rs 3618.00 million for the quarter ended June 30, 2006 to Rs 7238.80 million for the quarter ended June 30, 2007.

The company has reported an Earnings Per Share (EPS) of Rs.4.7 for the Quarter ending June 30, 2007 compared to Rs.2.31 for Quarter ending June 30, 2006.

The stock was trading at Rs.629.90, up by Rs.28.25 or 4.70%. The stock hit an intraday high of Rs.668 and low of Rs.583. The total traded quantity was 307076 compared to 2 week average of 55558.

Source : Equity Bulls

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