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Thermax’ Q1FY2011 results were above our expectations on almost all fronts due to a strong growth in its top line. The net income from the operations increased by 49% year-on-year (y-o-y) to Rs778.8 crore against our expectation of Rs634.2 crore due to a robust growth in both the energy and the environment division. The environment [...]
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BASF India’s stand-alone Q1FY2011 net profit came in at Rs48.9 crore, up 19% year-on-year (y-o-y). However the results are not strictly comparable due to consolidation of the financials of Ciba India. The net sales for the quarter were up by 72.7% y-o-y to Rs659.84 crore, driven by a 1.6x year-on-year (y-o-y) rise in the revenue [...]
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