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The Economic Times

Thermax shares slide 16% after FY27 Q1 profit sinks 86% and company flags weak quarters ahead

Thermax reported FY27 first-quarter results showing an 86% year-on-year drop in net profit to Rs 22 crore, while EBITDA fell 69.08% to Rs 69.5 crore after a one-time Rs 91 crore project cost overrun in its Industrial Infra segment. Revenue still rose 7% year on year and order inflow increased 2%. The stock sold off sharply, falling as much as 16% to an intraday low of Rs 3,567 on the BSE.
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