Thermax disclosed a sharp drop in standalone net profit for the quarter ended June 2014. During the quarter, the profit of the company declined 17.60% to Rs 414.06 million from Rs 502.51 million in the same quarter last year.
Net sales for the quarter declined marginally 2.71% to Rs 8,394.08 million, compared with Rs 8,628.18 million for the prior year period.
Earnings per share for the quarter stood at Rs 3.47, registering 17.77% decline over previous year period.
Quarterly Results - Standalone (Rs in mn) |
As at | Jun - 14 | Jun - 13 | %Change |
Net Sales | 8,394.09 | 8,628.18 | (2.71) |
Net Profit | 414.06 | 502.51 | (17.60) |
Basic EPS | 3.47 | 4.22 | (17.77) |
Shares of the company declined Rs 58.05, or 6.12%, to trade at Rs 891.00. The total volume of shares traded was 61,271 at the BSE (1.07 p.m., Tuesday).