For the year ended March 31, 2000 Thermax registered a sale of Rs 405.92 crore compared to last year's Rs 466.03 crore. Net profit is down from Rs 38.31 crore to Rs 32.34 crore this year.

Operating profits was higher this year at Rs 56.98 crore compared to last year's Rs 50.51 crore. However, extraordinary items of Rs 14.64 crore added to a fall in net profits. The company suffered a loss of Rs 4.83 crore on account of closure of a joint venture company. There was a loss of Rs 8.31 crore due to dimunition in the value of investments. The company's earning per share has come down from 16.48 to 13.91. A dividend of Rs 3.50 per share of Rs 10 was paid as interim dividend and and will be considered as final dividend.

Company in distribution agreement with US firm
Thermax Ltd has signed an exclusive distribution agreement for South Asian markets with US company Purafil Inc to market their dry gas scrubbers popularly known as chemical filters.

Purafil is a leader in the field of indoor air quality control in industrial and commercial establishments. Purafil has manufacturing facilities in Atlanta, USA and in the Netherlands.

The air purifiers protect sensitive control instrumentation systems, and compressors located in enclosed spaces. These filters are used to remove highly corrosive toxic gases like chlorine, hydrogen sulphide, sulphur dioxide, ammonia, nitrogen oxides, hydrocarbons and odour from indoor environments.

The product is targeted at various segments like refineries, petrochemicals, pulp and paper, chlor-alkali, rayon, fertilisers, organic chemicals, airports, hotels, museums and other manufacturing facilities etc.