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Thermax consolidated net profit declines 39.27% in the September 2025 quarter

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Sales decline 5.42% to Rs 2473.90 crore

Net profit of Thermax declined 39.27% to Rs 119.66 crore in the quarter ended September 2025 as against Rs 197.03 crore during the previous quarter ended September 2024. Sales declined 5.42% to Rs 2473.90 crore in the quarter ended September 2025 as against Rs 2615.69 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var.Sales2473.902615.69 -5 OPM %6.9510.63 -PBDT225.14308.32 -27 PBT173.67266.25 -35 NP119.66197.03 -39

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First Published: Nov 12 2025 | 7:42 AM IST

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