Thermax Limited has reported robust financial performance for the quarter and year ended March 31, 2026. The company achieved consolidated operating revenue of Rs. 3,428 crore for Q4, marking a 13% increase year-on-year. Driven by strong order growth, including a major Rs. 1,600 crore boiler package contract, the Board has recommended a total dividend of Rs. 20 per share, which includes a Rs. 6 special dividend to commemorate the company’s 60th anniversary.
Financial Performance Highlights
For the fiscal year ending March 31, 2026, Thermax Group reported a consolidated operating revenue of Rs. 10,694 crore, representing a 3% growth over the previous year. The consolidated Profit After Tax (PAT) reached Rs. 720 crore, a significant 15% increase compared to the previous year. In the final quarter (Q4), consolidated PAT rose by 18% to Rs. 244 crore, reflecting strong operational momentum.
Record Order Book and Major Wins
The company’s order balance surged to Rs. 13,604 crore as of March 31, 2026, a 27% year-on-year increase. A key driver for this growth was a major contract secured by its subsidiary, Thermax Babcock & Wilcox Energy Solutions Limited (TBWES), for a boiler package worth approximately Rs. 1,600 crore for an ultra-supercritical thermal power plant in Central India.
Special Dividend and Corporate Appointments
To celebrate its 60th anniversary, the Board has declared a special dividend of Rs. 6 per share in addition to the final dividend of Rs. 14 per share, totaling an aggregate dividend of Rs. 20 per share. The record date for this payout is set for July 3, 2026, subject to shareholder approval.
Additionally, the company announced leadership changes to strengthen its management. Dr. Ravi Shankar Gopinath has been re-appointed as a Non-Executive, Independent Director for a second five-year term ending November 9, 2031. Furthermore, Ms. Kavita Singh has been appointed as the new Chief Human Resources Officer, effective May 25, 2026.
Source: BSE
