Thermax, an Indian energy and environment engineering company, witnessed a sharp rise in share price on Wednesday after it announced a rise in standalone net profit for the quarter ended September 2014. During the quarter, the profit of the company rose 2.85 times to Rs 860.11 million from Rs 301.67 million in the same quarter last year.

Net sales for the quarter rose 14.14% to Rs 11,907.66 million, compared with Rs 10,433 million for the prior year period.

Shares of the company are trading at Rs 957, up Rs 45, or 4.93% at the Bombay Stock Exchange (BSE) on Wednesday at 10:35 a.m.

The scrip has touched an intra-day high of Rs 988 and low of Rs 944.80. The total volume of shares traded at the BSE is 23,531.