Thermax shares pare losses on strong management comments after falling up to 14% intraday on Q1 results

Thermax reported consolidated net profit of Rs 25 crore for Q1 ended June 30, down from Rs 152 crore a year earlier.

Shares fell up to 14% intraday on Q1 results but pared losses after strong management comments.

Management comments helped Thermax shares recover from intraday losses.