Thermax, a leading energy and environment solutions provider, has announced an almost 88% increase in consolidated net profit to Rs 237.06 crore for the December quarter. This surge is primarily attributed to higher revenues. In the corresponding period last year, the company’s consolidated net profit was Rs 126.40 crore. Total income for the quarter rose to Rs 2,382.76 crore compared to Rs 2,091.57 crore in the same quarter the previous year. The company’s board has approved an additional capital expenditure of Rs 45 crore to establish an ion exchange resin manufacturing plant in Jhagadia, Gujarat. As of December 31, the order balance stood at Rs 10,717 crore, a 9% increase from the previous fiscal year.