Thermax fell 2.15% to Rs 818.65 at 9:48 IST on BSE after net profit fell 10.94% to Rs 67.86 crore on 7.07% decline in total income to Rs 1052.03 crore in Q3 December 2015 over Q3 December 2014.
The result was announced after market hours on Friday, 29 January 2016.Meanwhile, the BSE Sensex was almost flat at 24,871.22.
On BSE, so far 7,795 shares were traded in the counter, compared with an average volume of 7,793 shares in the past one quarter. The stock hit a high of Rs 830.45 so far during the day. The stock hit a low of Rs 811 so far during the day, which is also a 52-week low for the counter. The stock hit a record high of Rs 1,315 on 11 March 2015. The stock had underperformed the market over the past one month till 29 January 2016, sliding 9.64% compared with 4.64% decline in the Sensex. The scrip had, however, outperformed the market in past one quarter, falling 1.95% as against Sensex's 7.33% fall.
The large-cap company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.
Thermax's order intake declined 29.31% to Rs 868 crore in Q3 December 2015 over Q3 December 2014. The order booking continues to face headwind due to subdued market conditions, Thermax said in a statement.
Thermax Group provides integrated solutions in the areas of heating, cooling, power, water and waste management, air pollution control and chemical.
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