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Thermax profit falls 86% to Rs 22 Crore

Posted on July 30, 2026
By Financial Express
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1 min read

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Thermax profit falls 86% to Rs 22 Crore

Thermax reported an 86% YoY drop in June quarter net profit to ₹22 crore due to a ₹91 crore cost overrun in an industrial infrastructure project. Despite profit pressure, revenue grew 7% to ₹2,303 crore, backed by a strong ₹14,045 crore order backlog.