# Thermax shares crash 16% after Q1 profit plunges 83% 2026-08-16T20:25:46+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Shares of Thermax Limited fell as much as 16.08 per cent to Rs 3,566.90 on the BSE on Friday after the company reported an 83.4 per cent drop in consolidated net profit to Rs 25.2 crore for the June quarter, compared with Rs 152.4 crore a year earlier. Revenue from operations rose 6.7 per cent to Rs 2,303 crore. The company attributed the weak performance to a Rs 91 crore increase in the estimated cost to complete a project in its Industrial Infrastructure segment. EBITDA fell 69.5 per cent to Rs 68.6 crore, and the margin narrowed to 3 per cent from 10.4 per cent. Thermax also noted that the year-ago quarter had benefited from Rs 56 crore of incentive income. The board approved a scheme of arrangement involving Thermax Bioenergy Solutions and Thermax Cooling Solutions. The stock was trading near Rs 3,680 in noon trade, down 13.43 per cent. ## Coverage - thehansindia.com This story was synthesised by AI from the source linked above. Tags: BSE, Q1 results, Thermax Canonical: https://indianopinion.org/thermax-shares-crash-16-after-q1-profit-plunges-83/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/thermax-shares-crash-16-after-q1-profit-plunges-83/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes. How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/