Thermax Ltd Quarterly Results

Q1 FY26-27 Results Summary

Revenue

The revenue stands at ₹2,302.73 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 32.83 per cent from ₹3,428.04 crore. This corresponds to a year-on-year *(YoY) growth of 6.73 per cent.

Operating Profit

Operating Profit stands at ₹68.62 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 81.67 per cent from ₹374.31 crore. This corresponds to a year-on-year *(YoY) decline of 69.49 per cent.

PBDT

PBDT stands at ₹101.66 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 73.81 per cent from ₹388.14 crore. This corresponds to a year-on-year *(YoY) decline of 60.95 per cent.

Profit Before Tax

Profit Before Tax stands at ₹42.14 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 87.39 per cent from ₹334.13 crore. This corresponds to a year-on-year *(YoY) decline of 80.07 per cent.

Net Profit

Net Profit stands at ₹21.79 crore, reflecting a quarter-on-quarter *(QoQ) decrease of 91.08 per cent from ₹244.40 crore. This represents a 85.61 per cent year-on-year *(YoY) decline for the same year.

  • YoY compares a quarter to the same period last year, and QoQ compares it to the previous quarter.

Thermax Ltd Earnings

CategoryQ1 FY26-27Q1 FY25-26Change %FY25-26FY24-25Change %
Total Revenue2,302.732,157.536.7310,694.1510,369.263.13
Expenses2,234.111,932.6115.609,668.309,461.722.18
Other Income68.1965.633.90328.69252.2230.32
Operating Profit68.62224.92-69.491,354.541,159.7616.79
Depreciation59.5248.8821.77207.64158.5130.99
Interest35.1530.2016.39138.96116.7818.99
Profit Before Tax42.14211.47-80.071,007.94884.4713.96
Tax20.3560.02-66.09268.05299.63-10.54
Net Profit21.79151.45-85.61720.26626.7014.93
CategoryQ4 FY25-26Q3 FY25-26Change %
Total Revenue3,428.042,634.6830.11
Expenses3,053.732,379.9728.31
Other Income56.18121.48-53.75
Operating Profit374.31254.7146.96
Depreciation54.0153.281.37
Interest42.3534.2423.69
Profit Before Tax334.13288.6715.75
Tax89.7383.667.26
Net Profit244.40205.0119.21

Thermax Ltd Research Reports

ActionTarget Price (₹)BrokerDateReports
Reduce 3,050Edelweiss Securities10-Feb-2025
Sell 3,968Geojit Financial Services04-Sep-2024

Thermax Ltd Financial Reports

Data not available.

Thermax Ltd Stock Prices Compare with Peers

Company1 Day1 Week1 Month3 Months6 Month1 Year
Thermax-7.73%-11.81%-23.15%-6.23%35.87%3.85%
Waaree Energies1.51%-2.80%-7.43%-15.15%0.66%-14.18%
Suzlon Energy0.99%-9.90%-17.90%-12.90%3.66%-27.40%
Apar Inds.4.37%2.34%-1.58%15.41%78.25%63.84%
Schneider Elect.5.24%1.49%-1.39%5.02%95.27%36.67%
Emmvee Photovol.0.00%-7.84%-12.62%15.08%59.93%40.40%
Triveni Turbine-0.30%-2.93%-10.58%6.27%20.94%3.03%

Thermax Ltd Corporate Information

Chairperson: Meher P Pudumjee
Non-Exec & Non-Independent Dir: Pheroz Pudumjee
Managing Director & CEO: Ashish Bhandari
Independent Non Exe. Director: Harsh Mariwala
Independent Non Exe. Director: Rajani Kesari
Independent Non Exe. Director: SHYAMAK RAMYAR TATA
Independent Non Exe. Director: Ravi Gopinath
Independent Non Exe. Director: Parag Chandulal Shah
Company Sec. & Compli. Officer: SANGEET KAUR HUNJAN

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Updated On: 16 Mar 2026 | 7:38 AM IST
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