Thermax Ltd, provider of energy and environment solutions, today posted a 10.3 per cent decline in consolidated net profit at Rs 48.96 crore for the first quarter ended June 30.
The company had posted a net profit, after share of profit of associates and joint ventures, at Rs 54.64 crore in the year-ago period, Thermax Ltd said in a filing to BSE.
Income from operations during the quarter declined by 18.5 per cent to Rs 1,002.13 crore from Rs 1,230.69 crore in the year-ago period.
Total expenses declined to Rs 941.10 crore (Rs 1,147.06 crore).
Thermax is a Rs 5,516-crore company, providing a range of engineering solutions to the energy and environment sectors, according the company’s website.
The company is headquartered in Pune and operates globally through 19 international offices, 12 sales and service offices and 11 manufacturing facilities — seven of which are in India and four overseas.