Thermax Q1FY18 net profit tanks 52.64 per cent QoQ

Thermax reported its results for the quarter ended June 30, 2017, today.

The company's total sales for Q1FY18 came in at Rs 892.57 crore, which represents a 41.24 per cent sequential decline and 10.93 per cent YoY decline.

Its operating profit (EBIT) for the quarter amounted to Rs 53.25 crore and its EBIT margin stood at 5.97 per cent.

The company reported PAT of Rs 47.29 crore, which represents a sequential QoQ decline of 52.64 per cent and a YoY decline of 11.11 per cent.

The company's stock opened at Rs 920.15 on the BSE and recorded intra-day high and low of Rs 932 and Rs 870, respectively.

Thermax Limited provides engineering solutions in India and internationally. It operates in two segments, energy and environment. The company offers air pollution control products, such as bag filters, wet scrubbers, electrostatic precipitators, combo filters and modular gas coolers, absorption cooling systems such as absorption chillers, solar-based cooling products, and air-cooled heat exchangers, boilers, such as waste heat recovery and solar-based heating systems, large industrial boilers, hot water generators, and fired and thermal oil heaters.