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Informist, Monday, Feb. 2, 2026 

 

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--Thermax Oct-Dec consol net profit INR 2.04 bln 
--Analysts saw Thermax Oct-Dec consol net profit INR 1.63 bln 
--Thermax Oct-Dec consol revenue INR 26.35 bln 
--Analysts saw Thermax Oct-Dec consol revenue INR 27.43 bln 
--Thermax Oct-Dec consol net profit INR 2.04 bln vs INR 1.16 bln year ago 
--Thermax Oct-Dec consol revenue INR 26.35 bln vs INR 25.29 bln year ago 
--Thermax Apr-Dec consol net profit INR 4.76 bln vs INR 4.29 bln year ago 
--Thermax Apr-Dec consol revenue INR 72.66 bln vs INR 73.23 bln year ago

 

By Shumaila Firoz

 

MUMBAI - Thermax Ltd.'s consolidated net profit for the December quarter surged over 76% on year to INR 2.04 billion mainly because of a reversal in provision of INR 506.3 million for a legal case. The net profit was higher than analysts' estimate of INR 1.63 billion.

 

The engineering major's revenue from operations for the quarter was INR 26.35 billion, up over 4% on year. Analysts had expected the company to report a revenue of INR 27.43 billion.

 

Total expenses for the December quarter were INR 24.67 billion, up nearly 3% on year. Inventory cost for the quarter was INR 193.1 million, up nearly 500% on year. The company's cost of raw material and components consumed was INR 13.11 billion, down nearly 4% on year. The purchase of stock in trade for the quarter was INR 397.7 million, down more than 26% on year. The company's other expenses were at INR 6.49 billion, up nearly 9% on year.

 

The company's order book as at December-end was INR 30.8 billion, up over 34% on year. Revenue of the industrial products segment was INR 12.9 billion, up over 18% on year. Sales of the industrial infrastructure segment was INR 10.33 billion.

 

For the nine months ended December, Thermax's consolidated net profit was INR 4.76 billion against INR 4.29 billion a year ago. Revenue from operations for the period was INR 72.66 billion, down from INR 73.23 billion in the corresponding period last year.

 

Thermax announced its results after market hours. Shares of the company closed at INR 2,829.70 on the National Stock Exchange, down nearly 2%.  End

 

Edited by Ashish Shirke

 

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