Thermax Q4 Net plunges 16% to Rs 111 crore

Energy and environment solutions provider Thermax Ltd today reported 16 per cent decline in standalone net profit at Rs 111.15 crore for the quarter ended March 31, 2016.
The company had posted a net profit of Rs 132.32 crore in the year-ago period, Thermax Ltd said in a filing to BSE.
The company's total income from operations during the quarter declined to Rs 1,293.18 crore as against Rs 1,508.36 crore in the year-ago period.
"The figures of the last quarter of FY 2015-16 and FY 2014-15 are the balancing figures between audited figures in respect of the full financial year and the published year-to-date figures up to third quarter," the company said.

On consolidated basis, the firm posted a net profit after taxes, minority interest and share of profit of associates of Rs 275.36 crore for the year ended March 31, 2016 as compared to Rs 209.77 crore for the year ended March 31, 2015.
Total income increased to Rs 5,636.12 crore for the year ended March 31, 2016 from Rs 5,427.44 crore for the year ended March 31, 2015.
The quarterly results on consolidated basis were not available.
In a separate filing the company said its board has recommended a dividend of Rs 6 per share for 2015-2016.