Thermax shares fell more than 16 per cent on Friday after the company reported an 85 per cent y-o-y decline in net profit for the June quarter, citing a cost overrun in its industrial infra segment and higher expenses. .

Thermax shares fell more than 16 per cent on Friday after the company reported an 85 per cent y-o-y decline in net profit for the June quarter, citing a cost overrun in its…

Thermax shares dropped significantly after reporting an 86% profit decline. Revenue rose 7% year-on-year, but earnings before interest, taxes, depreciation, and amortization fell.…