Thermax Ltd., a leader in providing energy and environment solutions, reported a lower net profit for the fourth-quarter, both on a stand-alone and consolidated basis, on declined incomes.
Stand-alone Results
The Pune-based company posted a fourth-quarter stand-alone net profit of Rs.115.32 crore or Rs.9.68. per share, compared with Rs.129.81 crore of Rs.10.89 per share in the fourth-quarter of last year, reflecting a 11 percent decline.
Its quarterly net income fell by 13 percent to Rs.1,448.73 crore from the Rs.1,661.27 crore in the year-ago quarter, while 'other operating income' was Rs.19.47 crore, compared with the Rs.25.55 crore in the corresponding quarter last year.
Income for the quarter from 'Energy' segment decreased by 14 percent to Rs.1,139.14 crore from the Rs.1,320.64 crore in the fourth-quarter of last year, while that of 'Environment' segment fell by 17 percent to Rs.349.98 crore from the Rs.421.07 crore in the year-ago quarter.
For the fiscal year, the company's stand-alone net profit stood at Rs.349.96 crore, compared with Rs.406.86 crore last year - a decline of 14 percent.
Net income for the year declined by 12 percent to Rs.4,631.85 crore from last year's Rs.5,243.84 crore, while 'other operating income' was Rs.59.02 crore, compared with the Rs.60.21 crore a year-ago.
Consolidated Results
For the first 12 months, the company's consolidated dropped by 21 percent to Rs.320.14 crore from the Rs.403.52 crore last year. Total income was Rs.5,491.70 crore, down by ten percent from the Rs.6,091.22 crore a year-ago.
The company said its board had recommended a dividend of 350 percent or Rs.7.00 per equity share of Rs.2 each for the fiscal year 2012.
As at the end of March this year, Thermax had a record order book of Rs.4,878 crore, a marginal improvement from last year's Rs.4,828 crore.
At the BSE, Thermax closed Wednesday's trading at Rs.588.50, up 0.90 percent from the previous close.
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