| Revenue growth | Q2 revenue +11% YoY to Rs 2,756 Cr |
|---|---|
| Margins | PBT margin 6.1% vs 7.0%; PAT margin 4.1% vs 4.8% |
| Order book | Rs 14,250 Cr, +16% YoY; Q2 bookings Rs 3,259 Cr, -8% |
| Demand visibility | Mixed; West Asia and input costs cloud industrial capex |
Growth
Revenue +11% YoY to Rs 2,756 Cr; PBT before exceptionals Rs 169 Cr (-3%); PBT margin 6.1% vs 7.0%.
Outlook
No explicit FY27 numeric guidance. Management flags West Asia conflict, elevated steel and input costs as near-term demand risks.
Risks
Rs 15 Cr hybrid renewable impairment; Industrial Products margin fell to 6.0% from 9.8%.
Investor Presentation filed with NSE, NSE: THERMAX. Summary written with AI assistance from the document.
Thermax Ltd: key numbers
- Share price
- ₹3,313.00
- Market cap
- ₹39,476 Cr
- Revenue (annual)
- ₹10,694 Cr
- Net profit (annual)
- ₹720.5 Cr
- P/E (TTM)
- 66.5×Sector 52.6×
- Promoter holding
- 61.98%+0.00% QoQ
- FII holding
- 11.30%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Thermax Ltd
All →Thermax Q2 FY27 Results: Net Profit ₹113.1 Cr, Down 5.3% YoY
Thermax Ltd reported revenue from operations of ₹2,756 Cr (+11.4% YoY) and net profit of ₹113.1 Cr (-5.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹113.1 Cr · -5.3% YoY
Thermax Other Announcement
Thermax's quarterly shareholding pattern for the June 2026 quarter, filed under Regulation 31. Promoter and promoter group hold 62.0% of 119,156,300 shares.
Thermax Other Announcement
The company submitted its quarterly Reconciliation of Share Capital Audit report for the period ending September 30, 2026, in compliance with SEBI regulations.
Thermax Board Meeting Date
Thermax Limited will hold a board meeting on November 5, 2026, to consider and approve its unaudited standalone and consolidated financial results for the quarter ended September 2026.
Thermax Price Movement Clarification
Thermax clarified it is evaluating strategic opportunities for its subsidiary FEPL to attract a growth partner, noting no material event currently requires mandatory disclosure.
Thermax Acquisition Worth ₹42 Cr
Thermax Limited has acquired the remaining 49% equity stake in TSA Process Equipments Private Limited for Rs. 42 Crore, making it a wholly-owned subsidiary.
- Value
- ₹42.00 Cr