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.
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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.
SBI Mutual Fund sold 7,776 shares of Thermax Ltd, reducing its stake to 5.5957%. The sale was a market transaction.
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 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.
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 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 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.