Thermax shares in focus after weak Q2

On Wednesday, November 12, Thermax Ltd.'s shares will be closely watched following the energy and environmental solutions company's poor September-quarter performance, which included missing projections for every important indicator. In comparison to the CNBC-TV18 poll prediction of ₹201.6 crore, the company's net profit fell 39.7% year over year to ₹119.4 crore. Revenue fell 5.4% to ₹2,473.9 crore, falling short of the ₹2,841.3 crore forecast. Operating margins shrank to 6.9% from 10.6% a year ago, while EBITDA dropped 38.1% to ₹171.9 crore from an estimate of ₹274.4 crore.