Thermax has reported robust financial results for the quarter and year ended March 31, 2026. The company posted a 13% increase in consolidated operating revenue to ₹3,428 crore for Q4, with a consolidated net profit growth of 18% year-on-year. To celebrate its 60th anniversary, the Board has declared a total dividend of ₹20 per share, combining a final dividend of ₹14 and a special milestone dividend of ₹6.
Quarterly and Annual Financial Performance
For the fourth quarter (ended March 31, 2026), Thermax achieved a consolidated operating revenue of ₹3,428 crore, reflecting a 13% growth over the same quarter last year. The consolidated profit after tax (PAT) rose by 18%, reaching ₹244 crore. For the full financial year 2025-26, consolidated operating revenue stood at ₹10,694 crore, marking a 3% increase, while annual profit after tax grew by 15% to ₹720 crore.
Order Book Highlights
The company continues to maintain a strong project pipeline, with an order balance of ₹13,604 crore as of March 31, 2026, representing a 27% increase year-on-year. Quarterly order bookings surged by 112% to ₹4,490 crore, significantly boosted by a major ₹1,600 crore boiler package supply contract for a 1×800 MW ultra-supercritical thermal power plant in Central India.
Shareholder Rewards and Leadership Updates
Marking its 60th anniversary, the company announced a special dividend of ₹6 per share alongside a final dividend of ₹14 per share, totaling ₹20 per share for the fiscal year. Additionally, the Board has approved the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive Independent Director for a second five-year term, and the appointment of Ms. Kavita Singh as the new Chief Human Resources Officer, effective May 25, 2026.
Source: BSE
