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. Order inflow increased 2%, and the total order book grew. The company cited higher input costs and weaker export sales impacting performance. Geopolitical issues and currency fluctuations also contributed to cost pressures.

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.…