Thermax Q1 net profit falls 10% to Rs 49 crore

Thermax Ltd, energy and environment solutions provider, today posted a 10.3% 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 associate and joints venture, at Rs 54.64 crore in the year-ago period, Thermax Ltd said in a filing to BSE.

The income from operations during the quarter declined by 18.5% to Rs 1,002.13 crore compared to Rs 1,230.69 crore in the year-ago period.

Total expenses declined to Rs 941.10 crore as against Rs 1,147.06 crore in the corresponding quarter of previous fiscal.

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.