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VERIFIEDET Markets·negative
Thermax shares crash 16% after firm expects weak quarters ahead after muted Q1 results
AI Summary
- ·Thermax shares fell 16% following a reported 86% decline in profit.
- ·Revenue increased by 7% year-on-year, while order inflow grew by 2%.
- ·The company anticipates weak upcoming quarters due to higher input costs and geopolitical factors.