Annual Report 2004-2005 of Thermax Limited

It is a broadly described annual report of Thermax Limited in the year of 2004-2005. During the financial year, Total assets of the Company stood at Rs. 418.29 Crore. The company has posted good results in 2004-05 with total sales revenue and other income increased by 55.9% to Rs. 941.2 Crores up from Rs. 603.8 Crores in the previous year. Profit before tax and extraordinary items of the Company is up at Rs. 83.0 Crores (Rs. 783 Crores in the previous year). During the year, The Company’s Profit after tax is marginally higher at Rs. 55.3 Crores from Rs. 54.1 Crores in the previous year. During the year exports have increased to Rs. 176.4 Crores from Rs. 118.5 Crores in the previous year. Earnings per share (EPS) are marginally lower at Rs. 21.8 than last year’s Rs. 22.0 mainly due to the dividend on Preference Shares.

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 2004-2005.

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