Industrial energy solutions provider Thermax today reported a net profit of Rs 126.50 crore for the quarter ended March 31, 2011.
The company had posted a loss of Rs 15.68 crore in the corresponding period last year, Thermax said in a filing to the Bombay Stock Exchange (BSE).
The total income during the fourth quarter increased by 45.28% to Rs 1,771.34 crore from Rs 1,219.26 crore in the year-ago period, it added.
For the entire 2010-11 financial year, the net profit of the company soared by over two-fold to Rs 382.42 crore from Rs 141.44 crore in the previous fiscal.
The total income in the last fiscal also rose by 53.30% to Rs 4,883.23 crore from Rs 3,185.47 crore in 2009-10, the company said.
The company's board recommended a dividend of 450%, which is Rs 9 per equity share of face value of Rs 2 each, for 2010-11.
Shares of the company today closed 0.54% down at Rs 641.75 on the BSE.