| Metric | Q4 FY26 | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue from operations | 3428.0 | 2634.7 | 3046.4 |
| Other income | 53.7 | 62.7 | 76.8 |
| Total income | 3481.8 | 2697.4 | 3123.2 |
| Profit before exceptional items & tax | 331.7 | 229.9 | 300.6 |
| Exceptional items | 2.5 | 58.8 | 0.0 |
| Profit before tax | 334.1 | 288.7 | 300.6 |
| Net profit | 244.4 | 205.0 | 205.6 |
| Operating margin | 9.6% | 10.7% | 9.6% |
A dash means the filing did not report that period; n/m means not meaningful (margin on near-zero revenue). Growth is not shown when either period was a loss. Operating profit excludes other income.
| Net profit, year on year | +18.90% |
|---|---|
| Net profit, quarter on quarter | +19.20% |
| Revenue, year on year | +12.50% |
BSE results filing, NSE: THERMAX. Figures extracted from the filing.
Thermax Ltd: key numbers
- Share price
- ₹3,447.20
- Market cap
- ₹41,076 Cr
- Revenue (annual)
- ₹10,694 Cr
- Net profit (annual)
- ₹720.5 Cr
- P/E (TTM)
- 69.2×Sector 53.6×
- Promoter holding
- 61.98%+0.00% QoQ
- FII holding
- 11.46%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Thermax Ltd
All →Thermax Merger & Restructuring
Thermax Limited incorporated a new wholly-owned step-down subsidiary, Thermax Botswana Proprietary Limited, via its subsidiary TECC. The entity will provide support services for power plants.
Thermax Capital Structure Change
SBI Mutual Fund sold 7,776 shares of Thermax Ltd, reducing its stake to 5.5957%. The sale was a market transaction.
Thermax Investor Presentation: Key Takeaways
Thermax reported Q1 FY27 revenue growth of 7% YoY to Rs. 2,303 crore, but PAT dropped 86% to Rs. 22 crore due to a one-time Rs. 91 crore cost overrun in Industrial Infra.
Thermax Q1 FY27 Results: Net Profit ₹21.8 Cr, Down 85.6% YoY
Thermax Ltd reported revenue from operations of ₹2,303 Cr (+6.7% YoY) and net profit of ₹21.8 Cr (-85.6% YoY) for Q1 FY27.
- Key figure
- Net profit ₹21.8 Cr · -85.6% YoY
Thermax Earnings Call: Key Takeaways
Thermax management is optimistic about international growth and data center cooling despite domestic project delays and margin pressure in the chemical segment due to underutilized capacity.
Thermax Earnings Call: Key Takeaways
Thermax reported strong Q4 FY26 performance with 13% revenue growth and 18% PAT growth, driven by a record order book of Rs. 13,604 crore.