Thermax Q1 profit plunges 83% as margins collapse despite higher revenue

Thermax reported an 83.4% decline in consolidated net profit for the quarter ended June 30. Profit fell to ₹25 crore as higher costs hit margins, even though revenue rose 6.7% to ₹2,303 crore. The company also started restructuring moves and secured a ₹400-crore data centre order in the US.