ResultsCNBC-TV18
Thermax Q2 profit falls 4% on costs and impairment
Negative-9Company event
GreyOak summary
Thermax reported a 4.2% decline in Q2 net profit to ₹115 crore, driven by higher input costs and a ₹15 crore impairment on a renewable energy project. While revenue rose 11.4% to ₹2,756 crore, standalone profit increased 16% to ₹263 crore. The company launched new intelligent boilers and maintains a consolidated order balance of ₹14,250 crore.
What it affects
- ThermaxTHERMAXNegative -9
Net profit fell 4% due to costsRolling sentiment Negative -37
Source
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