Thermax has reported results for third quarter ended December 31, 2016.
The company has reported 11.09% fall in its net profit at Rs 56.66 crore for the quarter under review as compared to Rs 63.73 crore for the same quarter in the previous year. Total income of the company decreased by 21.32% at Rs 834.18 crore for the quarter under review as compared Rs 1060.17 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a marginal rise of 0.94% in its net profit after tax, non controlling interest and share of profit of joint ventures at Rs 54.77 crore for the quarter ended December 31, 2016, as compared to Rs 54.26 crore for the same quarter in the previous year. However, total income of the company decreased by 19.87% at Rs 998.00 crore for the quarter under review as compared Rs 1245.50 crore for the corresponding quarter previous year.
