Thermax jumps up on robust Q2
By
Research Desk
about 10 years ago
Thermax is on a roll today, with the stock showing an over 7 times surge in volumes. The stock is up almost 5% at Rs.955.30, with an intra day high at Rs.988, which is close to its 52-week high at Rs.989.70.
The stock has jumped up after declaring an almost three times jump in net profit at Rs.86 crore for Q2FY15 v.s Rs.30 crore in previous quarter. Its revenue jumped up 14% at Rs.1191 crore. The company has said that this spurt in performance was due to increased demand for its products in the domestic market, better order booking and a pickup of orders from the international market. Its order inflow for the quarter stood at Rs.1089 crore, which is a 42% increase on YoY.