Economic TimesLean R·
Thermax shares crash 16% after firm expects weak quarters ahead after muted Q1 results
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.
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