Thermax one of the leading players in energy and environment solutions, has posted on the consolidated basis a net profit of INR 798.81 million for the quarter ended June 30th 2011 as compared to INR 661.69 million for the quarter ended June 30th 2010, representing increase of 20.72%.

The total income has increased from INR 8,037.67 million for the quarter ended June 30th 2010 to INR 10,591.61 million for the quarter ended June 30th 2011, representing increase of 31.77%.

Ms Meher Pudumjee chairperson of Thermax told shareholders at the AGM that the company's order booking was down 16% at the end of the quarter, reflecting the global trend.”

She added that “India is no longer insulated from global problems adding that tough market conditions were making it difficult to convert enquiries to orders. There will be a pressure on margins, and the growth rate will fall.”

Pointing out that there was a slowdown in the domestic power sector, and fuel was also a concern, Ms Pudumjee said that the company is looking at international markets for growth. It will take time to build that.

(Sourced from IRIS.com and BL)