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Thermax falls as adjusted profit lags estimates

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Reuters
Last Updated : May 28 2014 | 10:20 AM IST

Reuters Market Eye - Shares of Thermax Ltd fall 2.8 percent after the company's January-March net profit adjusted for other income missed some analysts estimates.

Thermax said on Tuesday March-quarter net profit fell to 1.06 billion rupees ($18 million) versus 1.15 billion rupees a year ago.

(Reporting by Abhishek Vishnoi)

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First Published: May 28 2014 | 10:05 AM IST

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