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Informist, Thursday, May 7, 2026

 

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--Thermax Jan-Mar consol net profit INR 2.44 bln 
--Analysts saw Thermax Jan-Mar consol net profit INR 2.17 bln 
--Thermax Jan-Mar consol revenue INR 34.28 bln 
--Analysts saw Thermax Jan-Mar consol revenue INR 32.69 bln 
--Thermax Jan-Mar consol net profit INR 2.44 bln vs INR 2.06 bln year ago 
--Thermax Jan-Mar consol revenue INR 34.28 bln vs INR 30.46 bln year ago 
--Thermax to pay INR 14 per share final dividend 
--Thermax final dividend record date is Jul 3 
--Thermax FY26 consol net profit INR 7.21 bln vs INR 6.34 bln year ago 
--Thermax FY26 consol revenue INR 106.94 bln vs INR 103.69 bln year ago 

 

By Ashutosh Pati

 

MUMBAI – Thermax Ltd. Thursday reported growth in both its bottom line and top line for the March quarter, surpassing the Street's estimates on both metrics. This was the slowest growth in the company's net profit over four quarters, including a quarter of decline. Its revenue growth was the best in six quarters.

 

The Pune-based energy, environment, and industrial solutions provider's consolidated net profit rose nearly 19% on year to INR 2.44 billion in the March quarter. This was higher than the analysts' estimate of INR 2.17 billion. Thermax's revenue from operations rose nearly 13% on year to INR 34.28 billion, also higher than expectations of INR 32.69 billion. The company's bottom line grew around 20% and the top line rose over 30% sequentially.

 

The company's total expenses rose 12% on year to INR 31.50 billion for the March quarter. The cost of materials consumed rose around 8% on year to INR 17.48 billion and other expenses increased over 16% to INR 4.02 billion. The company's employee benefit expenses rose nearly 18% on year to INR 3.91 billion.

 

Thermax's revenue from the industrial products segment rose over 17% on-year to INR 16.63 billion in the March quarter. Its revenue from the industrial infra segment increased nearly 6% on-year to INR 14.69 billion. The company will pay a final dividend of INR 14 per share and has fixed Jul. 3 as the record date.

 

For 2025-26 (Apr-Mar), Thermax reported a consolidated net profit of INR 7.21 billion, up 14% on year. Its revenue during the year rose over 3% to INR 106.94 billion.

 

Thursday, shares of Thermax closed 2.6% higher at INR 4,182.30 on the National Stock Exchange. The company announced its March quarter results after market hours. End

 

Edited by Saji George Titus

 

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