Thermax Limited, the leading component and services provide to the Indian power sector, recoded a decrease of Rs. 611 Crores in its sales figures for the financial year 2012-13.
As per the Annual Report released by the company on 25th July,
- the total sales figure of the company during 2012-13 was around Rs. 4,532 Crores as compared to Rs. 5,244 Crores during 2011-12.
- Net Profit After Tax (PAT) during 2012-13 was Rs. 350 Crore compared to Rs. 407 Crores during 2011-12.
- Order balance of Rs. 4,357 Crores compared to Rs. 4,230 Crores during 2011-12.
- The company announced a dividend of Rs. 7 (350%) per equity share.
According the company the reasons behind this shortfall in the financials are tough times being faced by power sector both domestically and globally.
Regarding the future plans, company intends to increase its international presence by 40% and is eying countries of South East Asia, Middle East and Africa. Currently, the company has presence in China as well as some Scandinavian countries.
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