Thermax shares gained over 2.5 per cent in early trade on Wednesday to Rs 1,040, a day after it reported a 25 per cent rise in its fourth quarter earnings to Rs 132.31.
However, Thermax ended lower at Rs 987 underperforming the Nifty which ended 0.06 per cent lower.
Thermax is an energy solutions provider. Thermax had posted a net profit of Rs 105.90 crore during the same quarter last year.
Thermax posted a net profit of Rs 335.9 crore for the fiscal year ended March 31, 2015, compared to Rs 252.9 crore for 2013-14.
(With PTI inputs)
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