Thermax reports over two-fold jump in Q2 profit at Rs 86 cr

Pune-based energy solutions provider Thermax Ltd today reported over two-fold jump in its net profit at Rs 86 crore for the quarter ended September 30, 2014.
The company had posted a net profit of Rs 30.16 crore in the corresponding quarter of the last financial year.
Total income increased to Rs 1,213.96 crore during the quarter under review from Rs 1,050.81 crore in the same quarter of the last financial year, Thermax said in a statement.
During the quarter, the company had an order inflow of Rs 1,089 crore. Order booking has been helped by improvement in the demand for its standard products in the domestic market and also project orders from the international market, the company said in a statement.

As on September 30, 2014, Thermax has an order backlog of Rs 5,016 crore against Rs 5,308 crore in the same period of last year.
Thermax shares closed at Rs 912, up 2.25 per cent on the BSE on Monday.