Annual Report 2007-2008 of Thermax Limited

It is a broadly described annual report of Thermax Limited in the year of 2007-2008. During the financial year, Total assets of the Company stood at Rs. 751.22 Crore. The company has posted robust results during the year with total income at Rs. 3246 Crore, up from Rs. 2210 Crore in the previous year, registering a growth of 47%. Profit before tax and extraordinary items of the Company at Rs. 428 Crore (Rs. 296 Crore in the previous year), recorded a growth of 45%. During the year, The Company’s Profit after tax is higher at Rs. 280.8 Crore from Rs. 187.8 Crore of the previous year. During the year exports, including deemed exports, have risen to Rs. 678.2 Crore from Rs. 401.7 Crore last year, a growth of 69%. Earnings per share (EPS) moved up significantly to Rs. 23.56 compared to Rs. 15.76 in 2006-07.

The Board of Directors of the Company has recommended a dividend payment of Rs. 8/- per equity share (@400%) of a face value of Rs. 2/- each for the financial year 2007-08, as against 300% paid last year.

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