Energy and environment solutions major Thermax Ltd has registered a net profit of ₹ 106 crore in Q4 14 versus ₹ 115 crore in Q4 13, a dip of 7.8 per cent.
The company’s revenues in the two quarters stood at ₹ 1,383 crore and ₹ 1,468 crore respectively, showing a decline of 5.7 per cent year on year.
The Board has recommended a dividend of 300 per cent for 2013-14.
For fiscal 2013-14, the company’s profit-after-tax stood at ₹ 253 crore against ₹ 350 crore in FY 13, registering a dip of 28 per cent. The operating revenue dropped by 8 per cent to stand at ₹ 4,302 crore compared to ₹ 4,691 crore in the previous year.
During the year, Thermax bagged a ₹ 1,700 crore order from a petrochemical company to design, manufacture and commission nine circulating fluidised bed combustion, high pressure boilers.
The company’s order booking has improved by 11 per cent to ₹ 5,394 crore.