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Published on 8/08/2019 3:46:19 PM | Source: Dion Global Solutions Ltd

Thermax Q1 net profit up 11.16% at Rs 49.91 cr

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The company reported standalone net profit of Rs 49.91 crore for the quarter ended June 30, 2019 as compared to Rs 44.90 crore in the same period last year, registering a year-on-year growth of 11.16 per cent. Net revenue of the company declined moderately by 7.25 per cent at Rs 787.75 crore in April-June quarter of this fiscal as against Rs 849.29 crore in the corresponding period last year. During April-June quarter, operating expenses dropped by 4.52 per cent to Rs 754.88 crore from Rs 790.62 crore in year ago period.

Other Income dipped by 38.53 per cent at Rs 17.07 crore versus (Jun'18 Rs 27.77 crore). Operating Profit slipped by 43.97 per cent to Rs 32.87 crore as against Rs 58.67 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 39.65 per cent in June quarter. Interest declined by 61.42 per cent y-o-y to Rs 0.76 crore, while Taxation decreased by 49.25 per cent at Rs 11.53 crore (Jun'18 Rs 22.72 crore).