Thermax profit falls 86% to Rs 22 Crore

Thermax posted an 86% year-on-year decline in net profit to ₹22 crore for the June quarter.

Profit was hit by a ₹91 crore cost overrun in an industrial infrastructure project.

Revenue rose 7% to ₹2,303 crore, supported by a strong order backlog of ₹14,045 crore.