Annual Report 2003-2004 of Thermax Limited

It is a broadly described annual report of Thermax Limited in the year of 2003-2004. During the financial year, Total assets of the Company stood at Rs. 398.43 Crore. Total sales revenues and other income for the year under review at Rs. 603.81 Crores is up from Rs. 552.53 Crores in the previous year. Profit before tax and extraordinary items of the Company improved to Rs. 78.25 Crores (previous year Rs. 69.30 Crores). During the year, The Company’s profit after tax is up at Rs. 54.09 Crores from Rs. 48.24 Crores in the previous year. During the year sales have increased by 9.8% to Rs. 563.88 Crores and net profit have improved by 12.1% to Rs. 54.09 Crores. Earnings per share (EPS) in 2003-04 have moved to Rs. 21.99 as compared to Rs. 20.24 in the previous year.

The Board of Directors of the Company has not recommended payment of @120% dividend on equity shares (Rs. 12/- per share of Rs. 10/- each) for the Financial Year 2003-2004.

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