India's Thermax sees worst day since 2008 after Q1 profit plummets
31/07/2026 05:07
BUZZ-India's Thermax sees worst day since 2008 after Q1 profit plummets ** Shares of Thermax THMX.NS plunges 14.4% to 3635.5 rupees, their steepest fall since Dec. 2008
** Engineering firm's Q1 profit slumps 83.4% Y/Y, hurt by rising raw material and operating costs; rev up 6.7%
** Motilal Oswal says sharp decline in co's margins was mainly due to increase in estimated cost to complete a legacy project in industrial infra segment
** Stock rated "hold" on avg; median PT 4300 rupees - data compiled by LSEG
** Stock up 28.9% YTD
(Reporting by Aleef Jahan in Bengaluru)
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