| Revenue growth | 7% YoY growth in operating revenue. |
|---|---|
| Margins | Consolidated PBIT margin crashed to 0.9% from 9.1% due to Infra cost overruns. |
| Order book | Record order balance of Rs. 14,045 crore, up 23% YoY. |
| Demand visibility | Strong demand in Chemicals, F&B, Metal & Mining, and Data Centres. |
Growth
Operating revenue up 7%; Order book grew 2% to Rs. 2,809 crore; Order balance up 23% to Rs. 14,045 crore.
Outlook
Focus on data centers as a high-potential growth sector and green solutions; strong order pipeline in TBWES and Green Solutions.
Risks
Rs. 91cr project cost overrun in Industrial Infra; higher input costs in Industrial Products; West Asia conflict dampening trade.
Investor Presentation filed with NSE, NSE: THERMAX. Summary written with AI assistance from the document.
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 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.
Thermax Q4 FY26 Results: Net Profit ₹244.4 Cr, Up 18.9% YoY
Thermax Ltd reported revenue from operations of ₹3,428 Cr (+12.5% YoY) and net profit of ₹244.4 Cr (+18.9% YoY) for Q4 FY26.
- Key figure
- Net profit ₹244.4 Cr · +18.9% YoY