Thermax Limited reported a strong financial performance for the quarter and year ended March 31, 2026. The company achieved a consolidated profit after tax growth of 18% for the quarter and 15% for the year. To mark its 60th anniversary, the Board has declared a total dividend of Rs. 20 per share. Additionally, the company announced the appointment of Ms. Kavita Singh as the new Chief Human Resources Officer.
Financial Highlights
Thermax Limited posted robust results for Q4 FY 2025-26. The consolidated operating revenue reached Rs. 3,428 crore, representing a 13% increase compared to the same quarter last year. Consolidated profit after tax (PAT) rose to Rs. 244 crore, an 18% growth over Q4 FY’25. For the full financial year, consolidated operating revenue stood at Rs. 10,694 crore, with a full-year PAT of Rs. 720 crore, up 15% year-on-year.
Dividend and Stakeholder Value
To celebrate the 60th anniversary milestone, the Board has recommended a total dividend of Rs. 20 per equity share for the financial year 2025-26. This includes a final dividend of Rs. 14 per share and a special dividend of Rs. 6 per share. The record date for the payment of the dividend is set for Friday, July 3, 2026, pending shareholder approval at the upcoming Annual General Meeting.
Strategic Appointments and Leadership
The company announced the re-appointment of Dr. Ravi Shankar Gopinath as a Non-Executive, Independent Director for a second consecutive five-year term, effective November 10, 2026. Furthermore, Ms. Kavita Singh has been appointed as the new Chief Human Resources Officer and Senior Management Personnel, effective May 25, 2026, bringing over 24 years of global human resources experience to the leadership team.
Operational Success
The company’s order booking saw significant momentum, with a major highlight being a boiler package supply contract worth approximately Rs. 1,600 crore secured by Thermax Babcock & Wilcox Energy Solutions Limited (TBWES). As of March 31, 2026, the total order balance for the Group stood at Rs. 13,604 crore, reflecting a 27% growth compared to the previous year.
Source: BSE
