Thermax, an Indian energy and environment engineering company, witnessed a rise in share price on Wednesday after it disclosed a substantial rise in standalone net profit for the quarter ended June 2015.  During the quarter, the profit of the company rose 48.96% to Rs 616.77 million from Rs 414.06 million  in the same quarter previous year.

Revenues for the quarter  rose 19.27% to Rs 10,011.89 million, compared with Rs 8,394 million for the prior year period.

Shares of Thermax are trading at Rs 1,047.30, up Rs 12.4, or 1.20% at the Bombay Stock Exchange (BSE) on Wednesday at 9:37 a.m.

The scrip has touched an intra-day high of Rs 1,054.20 and low of Rs 1,028.00. The total volume of shares traded at the BSE is 1,297.