Thermax slips after weak Q4 outcome

The result was announced after market hours on Wednesday, 22 May 2013.

Meanwhile, the BSE Sensex was down 54.49 points, or 0.27%, to 20,007.75.

On BSE, 1,395 shares were traded in the counter as against an average daily volume of 7,932 shares in the past one quarter.

The stock hit a high of Rs 585 and a low of Rs 574.05 so far during the day. The stock had hit a 52-week high of Rs 684 on 22 February 2013. The stock had hit a 52-week low of Rs 418.90 on 23 May 2012.

The stock had underperformed the market over the past one month till 22 May 2013, rising 1.90% compared with the Sensex's 4.66% rise. The scrip had also underperformed the market in past one quarter, rising 1.96% as against Sensex's 3.86% rise.

The mid-cap company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.

Net profit fell 14% to Rs 349.96 crore on 11.7% decline in net sales to Rs 4631.85 crore in the year ended March 2013 over the year ended March 2012.

Thermax's order booking rose by 21% to Rs. 4859 crore in the year ended March 2013 over the year ended March 2012. Order booking rose 42.77% to Rs 1155 crore in Q4 March 2013 over Q4 March 2012. The order backlog on a consolidated basis rose 1.04% to Rs 4878 crore as on 31 March 2013 compared with the corresponding period in the previous year.

Thermax, a leading energy and environment solutions provider, is one of the few companies in the world that offers integrated innovative solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemicals. The sustainable solutions, Thermax develops for client companies, are environment-friendly and enable efficient deployment of energy and water resources.

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