Thermax Limited has informed the exchanges that the Hon'ble National Company Law Tribunal, Mumbai Bench has approved the Scheme of Merger by Absorption of Buildtech Products India Private Limited with the Company.
Thermax hereby informs the Exchanges about the Newspaper Publication for transfer of Equity Shares and Unpaid Dividend to IEPFA
Thermax Limited has informed the exchanges about schedule of Analyst / Investor(s) Meet
Thermax Limited has informed the Exchanges about Annual Secretarial Compliance Report for FY 2025-26
Thermax Limited has informed the Exchanges about the transcript of analyst / investors call for Q4 FY 2025-26 held on Friday, May 8, 2026.
Thermax Limited has informed the Exchange about grant of ESOPs.
Thermax Limited has submitted the the audio recording of the analyst / investors call for Q4 FY 2025-26.
Thermax Limited has informed the Exchanges about the newspaper advertisement about financial results for quarter and year ended March 31, 2026.
Thermax Limited has informed the exchanges about sad demise of Dr. S. B (Ravi) Pandit, Non-Executive Independent Director of the Company.
Thermax Limited has informed the Exchanges about the investors presentation for Q4 FY 2025-26.
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 1,932.96 | 2,302.46 | 2,324.36 | 2,763.68 | 2,184.41 | 2,611.59 | 2,507.76 | 3,084.93 | 2,150.18 | 2,473.90 | 2,634.68 | 3,428.04 |
| YOY Revenue Growth % | 16.83% | 10.95% | 13.42% | 19.6% | 13.01% | 13.43% | 7.89% | 11.62% | -1.57% | -5.27% | 5.06% | 11.12% |
| Other Income | 53.06 | 65.86 | 58.40 | 55.25 | 84.09 | 59.77 | 31.51 | 76.85 | 65.63 | 85.41 | 62.73 | 53.71 |
| Total Income | 1,986.02 | 2,368.32 | 2,382.76 | 2,818.93 | 2,268.50 | 2,671.36 | 2,539.27 | 3,161.78 | 2,215.81 | 2,559.31 | 2,697.41 | 3,481.75 |
| Total Expenses + | 1,843.53 | 2,150.60 | 2,199.39 | 2,568.22 | 2,106.77 | 2,405.08 | 2,382.50 | 2,861.85 | 2,004.16 | 2,385.51 | 2,467.38 | 3,150.09 |
| Cost of Materials Consumed | 1,028.54 | 1,244.29 | 1,286.82 | 1,531.91 | 1,154.03 | 1,395.91 | 1,342.29 | 1,661.44 | 1,022.07 | 1,335.55 | 1,311.45 | 1,747.60 |
| Employee Benefit Expense | 255.77 | 284.28 | 292.00 | 316.24 | 291.34 | 322.90 | 322.68 | 332.02 | 329.02 | 340.50 | 360.22 | 391.46 |
| Other Expenses | 467.59 | 533.04 | 556.92 | 600.67 | 523.14 | 570.27 | 596.63 | 708.43 | 535.70 | 651.55 | 649.11 | 850.72 |
| Operating Profit | 89.43 | 151.86 | 124.97 | 195.46 | 77.64 | 206.51 | 125.26 | 223.08 | 146.02 | 88.39 | 167.30 | 277.95 |
| OPM % | 4.6% | 6.6% | 5.4% | 7.1% | 3.6% | 7.9% | 5% | 7.2% | 6.8% | 3.6% | 6.3% | 8.1% |
| Profit Before Tax + | 91.86 | 217.72 | 309.49 | 250.71 | 161.73 | 266.28 | 156.77 | 299.93 | 211.65 | 173.80 | 288.78 | 334.12 |
| Tax Expense | 31.91 | 59.12 | 72.43 | 63.13 | 52.31 | 68.28 | 43.04 | 94.38 | 60.20 | 54.40 | 83.77 | 89.72 |
| Tax % | 34.7% | 27.2% | 23.4% | 25.2% | 32.3% | 25.6% | 27.5% | 31.5% | 28.4% | 31.3% | 29% | 26.9% |
| Profit After Tax | 59.95 | 158.60 | 237.06 | 187.58 | 109.42 | 198.00 | 113.73 | 205.55 | 151.45 | 119.40 | 205.01 | 244.40 |
| EPS (Basic) | 5.23 | 14.00 | 21.17 | 16.90 | 10.28 | 17.49 | 10.29 | 18.27 | 13.53 | 10.62 | 18.12 | 21.68 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | 10,694.15 | 10,388.69 | 9,323.46 | 8,089.81 | 6,128.33 | 4,791.25 | 5,731.31 |
| YOY Revenue Growth % | 2.94% | 11.43% | 15.25% | 32.01% | 27.91% | -16.4% | - |
| Other Income | 267.48 | 252.22 | 232.57 | 160.18 | 127.01 | 107.74 | 100.00 |
| Total Income | 10,961.63 | 10,640.91 | 9,556.03 | 8,249.99 | 6,255.34 | 4,898.99 | 5,831.31 |
| Total Expenses + | 10,014.50 | 9,756.20 | 8,761.74 | 7,646.70 | 5,845.37 | 4,571.27 | 5,235.58 |
| Cost of Materials Consumed | 5,424.02 | 5,553.67 | 5,091.56 | 4,442.70 | 3,506.01 | 2,467.43 | 2,996.14 |
| Employee Benefit Expense | 1,421.20 | 1,268.94 | 1,148.29 | 954.17 | 812.93 | 758.76 | 799.02 |
| Other Expenses | 2,687.09 | 2,398.47 | 2,158.22 | 1,913.40 | 1,408.99 | 1,138.67 | 1,440.42 |
| Operating Profit | 679.65 | 632.49 | 561.72 | 443.11 | 282.96 | 219.98 | 495.73 |
| OPM % | 6.4% | 6.1% | 6% | 5.5% | 4.6% | 4.6% | 8.6% |
| Profit Before Exceptional | 947.13 | 884.71 | 794.29 | 603.29 | 409.97 | 327.72 | 374.53 |
| Exceptional Items | 61.21 | 0.00 | 75.49 | 0.00 | 0.00 | -52.53 | 0.00 |
| Profit Before Tax + | 1,008.34 | 884.71 | 869.78 | 603.29 | 409.97 | 275.19 | 374.53 |
| Tax Expense | 288.08 | 258.01 | 226.59 | 152.59 | 97.66 | 68.61 | 162.08 |
| Tax % | 28.6% | 29.2% | 26.1% | 25.3% | 23.8% | 24.9% | 43.3% |
| Profit After Tax | 720.26 | 626.70 | 643.19 | 450.70 | 312.31 | 206.58 | 212.45 |
| EPS (Basic) | 63.95 | 56.33 | 57.30 | 39.98 | 27.73 | 18.34 | 18.87 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Non-Current Assets + | 6,173.31 | 4,716.04 | 3,704.93 | 2,758.45 | 2,723.32 | 2,040.41 | 0.00 |
| Property, Plant & Equipment | 2,867.88 | 2,615.19 | 1,874.49 | 1,215.95 | 1,154.19 | 1,210.09 | 0.00 |
| Capital Work in Progress | 1,391.83 | 560.84 | 519.35 | 433.77 | 44.32 | 21.06 | 0.00 |
| Non-Current Investments | 497.48 | 121.01 | 382.58 | 216.84 | 703.36 | 119.21 | 0.00 |
| Goodwill | 80.19 | 80.19 | 3.03 | 3.03 | 3.03 | 3.03 | 0.00 |
| Other Intangible Assets | 99.51 | 110.51 | 28.60 | 29.19 | 37.52 | 28.92 | 0.00 |
| Current Assets + | 7,108.80 | 7,312.88 | 6,448.08 | 6,072.26 | 4,737.79 | 4,466.46 | 0.00 |
| Inventories | 909.50 | 720.30 | 764.90 | 755.63 | 727.01 | 404.74 | 0.00 |
| Trade Receivables | 2,204.84 | 2,417.50 | 2,116.43 | 1,762.06 | 1,423.72 | 1,237.10 | 0.00 |
| Cash and Cash Equivalents | 674.45 | 417.68 | 486.58 | 452.82 | 310.78 | 461.31 | 0.00 |
| Current Investments | 1,000.00 | 1,000.00 | 1,000.00 | 1,000.00 | 766.54 | 115.25 | 0.00 |
| LIABILITIES & EQUITY | |||||||
| Total Equity | 5,579.19 | 4,942.58 | 4,439.80 | 3,870.22 | 3,492.49 | 3,251.39 | 0.00 |
| Equity Share Capital | 22.53 | 22.53 | 22.52 | 22.52 | 22.52 | 22.52 | 0.00 |
| Other Equity | 5,527.44 | 4,914.36 | 4,417.28 | 3,845.55 | 3,469.97 | 3,228.87 | 0.00 |
| Non-Current Liabilities | 1,882.56 | 1,460.35 | 987.86 | 559.20 | 210.55 | 184.83 | 0.00 |
| Current Liabilities | 5,820.36 | 5,635.09 | 4,725.35 | 4,409.19 | 3,758.07 | 3,070.65 | 0.00 |
| Total Liabilities | 7,702.92 | 7,095.44 | 5,713.21 | 4,968.39 | 3,968.62 | 3,255.48 | 0.00 |
| Particulars | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activities | 541.54 | 1,042.79 | 247.30 | 459.56 | 324.71 | 0.00 | 0.00 |
| Cash from Investing Activities | -587.06 | -1,240.55 | -509.21 | -679.68 | -421.58 | 0.00 | 0.00 |
| Cash from Financing Activities | 247.64 | 123.55 | 285.40 | 348.54 | -20.58 | 0.00 | 0.00 |
| Net Increase/Decrease in Cash | 224.36 | -74.21 | 19.02 | 144.29 | -115.37 | 0.00 | 0.00 |