| Revenue growth | 7% YoY growth in operating revenue. |
|---|---|
| Margins | Consolidated PBIT margin crashed to 0.9% from 9.1% due to Infra cost overruns. |
| Order book | Record order balance of Rs. 14,045 crore, up 23% YoY. |
| Demand visibility | Strong demand in Chemicals, F&B, Metal & Mining, and Data Centres. |
Growth
Operating revenue up 7%; Order book grew 2% to Rs. 2,809 crore; Order balance up 23% to Rs. 14,045 crore.
Outlook
Focus on data centers as a high-potential growth sector and green solutions; strong order pipeline in TBWES and Green Solutions.
Risks
Rs. 91cr project cost overrun in Industrial Infra; higher input costs in Industrial Products; West Asia conflict dampening trade.
Investor Presentation filed with NSE, NSE: THERMAX. Summary written with AI assistance from the document.
Thermax Ltd: key numbers
- Share price
- ₹3,225.10
- Market cap
- ₹38,429 Cr
- Revenue (annual)
- ₹10,694 Cr
- Net profit (annual)
- ₹720.5 Cr
- P/E (TTM)
- 64.8×Sector 53.9×
- Promoter holding
- 61.98%+0.00% QoQ
- FII holding
- 11.46%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Thermax Ltd
All →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.
Thermax Capital Structure Change
SBI Mutual Fund sold 7,776 shares of Thermax Ltd, reducing its stake to 5.5957%. The sale was a market transaction.
Thermax Management Change
Thermax Limited shareholders approved the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director for a second five-year term starting November 10, 2026.
Thermax Annual General Meeting
Thermax Limited held its 45th Annual General Meeting on July 30, 2026. Shareholders transacted ordinary and special business, including dividend approval and director re-appointments.
Thermax Merger & Restructuring
Thermax Limited approved the amalgamation of its wholly-owned subsidiary, Thermax Cooling Solutions Limited, to simplify group structure. No new shares will be issued in this transaction.
Thermax Q1 FY27 Results: Net Profit ₹21.8 Cr, Down 85.6% YoY
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.
- Key figure
- Net profit ₹21.8 Cr · -85.6% YoY