Thermax Limited has reported robust financial performance for Q4 FY 2025-26, marked by an 112% increase in order booking compared to the same period last year. The company recorded an operating revenue of Rs. 3,428 crore for the quarter, with a Profit After Tax (PAT) of Rs. 244 crore, reflecting an 18% growth. These results underscore the company’s strong performance across its Industrial Products and Industrial Infra segments.
Financial Highlights
For the quarter ended March 31, 2026, Thermax delivered a solid financial performance. The company reported a Profit Before Tax (PBT) of Rs. 332 crore and a Profit After Tax (PAT) of Rs. 244 crore. On a year-to-date basis, the company reached an operating revenue of Rs. 10,694 crore, showcasing sustained growth and operational efficiency.
Segment Performance
Growth was primarily driven by the Industrial Products and Industrial Infra segments. A notable development includes a major boiler package supply order valued at approximately Rs. 1,600 crore from a leading thermal power company in Central India for a 1 x 800 MW ultra supercritical thermal power plant. This massive order significantly bolstered the company’s total order book to Rs. 13,604 crore.
Strategic Business Updates
Thermax continued to expand its global footprint and sustainability initiatives. Key highlights include:
- Industrial Products: Secured a breakthrough order for hot water driven chillers with a capacity of 45,000 TR for a major data centre in the USA.
- Industrial Infra: Achieved strong growth in CBG production, reaching 19,400+ tonnes YTD.
- Green Solutions: Successfully implemented a community steam project with 2 x 30 TPH biomass boilers in Gujarat, aimed at significant CO2 reduction.
Shareholder Value
In celebration of its 60th anniversary, the Board has recommended a dividend of Rs. 14 per share for the fiscal year, supplemented by a special anniversary dividend of Rs. 6 per share. Additionally, the company received the 2026 APAC Zero Liquid Discharge Customer Value Leadership Recognition from Frost & Sullivan, highlighting its commitment to sustainable engineering solutions.
Source: BSE
