Mumbai/IBNS, July 31 -- Shares of Thermax Ltd. tumbled sharply on Friday after the company reported a steep decline in its June quarter profit despite posting higher revenue, media reports said.

For the quarter ended June 30, 2026 (Q1 FY27), Thermax reported a mixed set of earnings.

However, revenue from operations rose around 7 percent year-on-year to Rs. 2,303 crore, up from Rs. 2,150 crore a year ago.

Despite the growth in revenue, Thermax's profitability came under pressure due to higher operational and cost-related expenses.

The company said these factors weighed on its bottom line even as business activity and revenue remained healthy.

Published by HT Digital Content Services with permission from India Blooms....