# Thermax shares fall 16% after quarterly profit drops 83% 2026-08-07T06:11:37+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Thermax shares fell as much as 16.08% to Rs 3,566.90 on the BSE on Friday after the company reported an 83.4% year-on-year fall in consolidated net profit for the June quarter. Profit dropped to Rs 25.2 crore from Rs 152.4 crore a year earlier, while revenue rose 6.7% to Rs 2,303 crore. EBITDA fell 69.5% to Rs 68.6 crore, cutting the margin to 3% from 10.4%. Thermax attributed the decline mainly to a Rs 91 crore increase in the estimated cost of completing a project in its Industrial Infrastructure segment. Lower export sales and the absence of Rs 56 crore in earlier incentive income also weighed on results, The Hans India reports. ## Coverage - thehansindia.com Tags: project costs, quarterly results, share market, Thermax Canonical: https://indianopinion.org/thermax-shares-fall-16-after-quarterly-profit-drops-83/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/thermax-shares-fall-16-after-quarterly-profit-drops-83/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.