What is Thermax Limited's latest revenue?

Thermax Limited reported revenue of ₹10,694 Cr in its latest annual results, per the filed results.

What is Thermax Limited's latest net profit?

Thermax Limited reported net profit of ₹720 Cr in its latest annual results, per the filed results.

What is Thermax Limited's return on equity?

Thermax Limited posted ROE of 10.6% and ROCE of 14.2% for its latest annual results, computed from filed statements.

What is Thermax Limited's operating margin?

Thermax Limited's operating margin was 10.7% in its latest annual results, derived from filed operating expenses.

How much did Thermax Limited's revenue grow year-on-year?

Thermax Limited's revenue changed 2.9% year-on-year in its latest annual results, per the filed results.

THE

THERMAX

Name: Thermax Limited (THERMAX) quarterly results & financial statements
Creator: Upmazing

Thermax Limited

Capital GoodsNIFTY Midcap 150

ISIN INE152A01029

—

Day

52W

MCap₹43,344 Cr

fairUpmazing Score

Open chart ↗

THE

THERMAX

Thermax Limited

Capital GoodsNIFTY Midcap 150

ISIN INE152A01029

—

Day

52W

MCap₹43,344 Cr

fairUpmazing Score

Open chart ↗

Thermax Limited (THERMAX) reported revenue of ₹2,303 Cr and net profit of ₹21.79 Cr for the quarter ended 2026-06-30. Figures are parsed from the company's filed results.

THERMAX fundamentals, Fundamental score 53/100

The statements below are read from Thermax Limited’s filed results, 28 filed quarters and 12 fiscal years on record, consolidated basis. Price-linked ratios are computed at the last close, sector medians across the served universe, ownership from the shareholding pattern, and any cell whose input isn’t on record shows a dash, never an estimate.

Latest: Q1 FY26-27 · filed Jul 31, 2026 · audited

Sales CAGR · 3Y+9.7%FY22 → FY25

Sales CAGR · 4Y+14.9%FY21 → FY25

PAT CAGR · 3Y+16.9%FY22 → FY25

PAT CAGR · 4Y+23.2%FY21 → FY25

Price · 1Y+8.8%EOD

Price CAGR · 3Y+8.7%EOD

Quarterly resultsConsolidated

₹ Cr	Dec2018	Jun2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025	Mar2026	Jun2026Latest	YoYlatest
Sales	1,437	1,392	1,410	1,323	665	1,141	1,411	1,052	1,469	1,615	1,992	1,654	2,075	2,049	2,311	1,933	2,302	2,324	2,764	2,184	2,612	2,508	3,085	2,150	2,474	2,635	3,428	2,303	+7.1%
	1,329	1,293	1,297	1,259	676	1,062	1,263	989	1,359	1,502	1,896	1,558	1,935	1,888	2,111	1,801	2,098	2,137	2,491	2,043	2,334	2,319	2,785	1,925	2,302	2,380	3,054	2,234	+16.1%
Operating profit	107	99.1	113	63.6	-11.4	79.3	148	63.0	110	113	—	96.0	141	161	200	132	205	187	273	141	278	189	300	225	172	255	374	68.6	-69.5%
OPM %	7.5%	7.1%	8.0%	4.8%	-1.7%	7.0%	10.5%	6.0%	7.5%	7.0%	—	5.8%	6.8%	7.9%	8.7%	6.8%	8.9%	8.1%	9.9%	6.5%	10.6%	7.5%	9.7%	10.5%	7.0%	9.7%	10.9%	3.0%	-7.5 pp
Other income	31.3	21.6	25.8	30.7	20.9	22.8	28.2	25.4	36.8	29.2	35.7	20.5	39.8	42.3	57.5	53.1	65.9	58.4	55.3	84.1	59.8	31.5	76.9	65.6	85.4	62.7	53.7	68.2	+3.9%
Interest	3.61	4.36	1.93	4.90	4.00	4.69	5.65	4.78	5.05	5.26	—	6.57	7.98	9.12	13.9	13.4	19.8	26.6	27.8	27.5	29.4	28.7	31.3	30.2	32.2	34.2	42.4	35.2	+16.4%
Depreciation	23.0	26.2	31.6	30.8	28.0	28.7	29.1	27.4	27.4	29.0	—	28.6	29.8	29.1	29.4	29.4	33.0	35.8	49.9	36.0	42.1	35.1	45.3	48.9	51.5	53.3	54.0	59.5	+21.8%
Profit before tax	23.9	90.1	105	58.6	-22.5	44.1	113	56.3	114	108	131	81.5	143	165	214	91.9	218	309	251	162	266	157	300	212	174	289	334	42.1	-80.1%
Tax %	—	30.3%	19.4%	33.4%	n/a (loss)	29.1%	26.5%	24.6%	23.1%	26.5%	22.1%	27.5%	23.3%	23.3%	27.2%	34.3%	27.0%	23.3%	25.2%	32.1%	25.6%	27.1%	31.7%	28.4%	31.2%	29.0%	26.9%	48.3%	+19.9 pp
Net profit	75.0	62.8	85.0	39.0	-15.3	31.2	83.3	42.4	87.9	79.5	103	59.0	109	126	156	60.0	159	237	188	109	198	114	206	151	119	205	244	21.8	-85.6%
EPS (₹)	6.66	5.57	7.54	3.47	-1.36	2.78	7.39	3.77	7.80	7.06	—	5.24	9.69	11.20	13.85	5.23	14.00	21.17	16.90	10.28	17.49	10.29	18.27	13.53	10.62	18.12	21.68	2.24	-83.4%

One column per filed quarter · ₹ crore · YoY = latest vs the same quarter a year back · EPS restated for bonus/split · n/a (loss) = tax rate undefined on a loss↔ scroll for earlier quarters

Revenue & net profit trend

last 20 quarters

RevenueNet profit

Revenue & net profit — Consolidated20 quarters

Segment results

Needs segment dataSegment results not parsedPer-segment revenue, EBIT margin and YoY arrive once we parse the segment annexure from the filing.

Forensic checksauto-scanned from the filing

Coming soonForensic checks not connectedAuditor opinion, OCF÷PAT, contingent liabilities, related-party share and working-capital days arrive as we parse the notes-to-accounts + cash-flow statement. Promoter-pledge is already on the Holdings tab.

How results moved the priceEOD reaction on the session the market could trade the filing

Avg absolute result-day move ±4.0%· EPS surprise: no estimates source

Q1'27filed Thu 30 Jul 16:08 · first tradeable session Fri 31 Julgap −8.5%close +1.3%

Q4'26filed Thu 7 May 19:46 · first tradeable session Fri 8 Maygap +4.5%close +11.8%

Q3'26filed Mon 2 Feb 19:48 · first tradeable session Tue 3 Febgap +9.2%close +4.3%

Q2'26filed Tue 11 Nov 17:31 · first tradeable session Wed 12 Novgap −3.1%close −3.4%

Q1'26filed Thu 31 Jul 16:00 · first tradeable session Fri 1 Auggap +0.0%close −4.1%

Q4'25filed Fri 9 May 18:31 · first tradeable session Mon 12 Maygap +5.0%close +1.9%

Q3'25filed Tue 4 Feb 14:56 · traded that sessiongap +2.1%close −0.9%

Q2'25filed Wed 13 Nov 16:15 · first tradeable session Thu 14 Novgap +1.9%close +2.0%

Q1'25filed Thu 1 Aug 15:29 · traded that sessiongap +0.2%close +2.1%

Q4'24filed Fri 10 May 17:51 · first tradeable session Mon 13 Maygap +1.5%close +0.6%

Q3'24filed Thu 8 Feb 13:58 · traded that sessiongap +1.7%close −2.3%

Q2'24filed Fri 3 Nov 16:39 · first tradeable session Mon 6 Novgap +1.7%close −1.6%

Q1'24filed Tue 1 Aug 15:39 · first tradeable session Wed 2 Auggap +2.9%close +3.4%

Q4'23filed Wed 17 May 17:03 · first tradeable session Thu 18 Maygap +1.6%close −7.3%

Q3'23filed Tue 7 Feb 19:34 · first tradeable session Wed 8 Febgap +4.4%close +4.5%

Q2'23filed Fri 11 Nov 15:36 · first tradeable session Mon 14 Novgap +0.0%close −3.8%

Q1'23filed Tue 2 Aug 16:09 · first tradeable session Wed 3 Auggap +0.0%close −3.9%

Q4'22filed Fri 20 May 15:51 · first tradeable session Mon 23 Maygap +2.3%close −6.7%

Q3'22filed Fri 4 Feb 16:51 · first tradeable session Mon 7 Febgap +1.6%close +1.5%

Q2'22filed Wed 10 Nov 17:06 · first tradeable session Thu 11 Novgap +6.3%close +13.6%

PeriodQ1 FY26-27BasisConsolidatedFiledJul 31, 2026Qualityaudited

Frequently Asked Questions

What is Thermax Limited's latest revenue?: Thermax Limited reported revenue of ₹10,694 Cr in its latest annual results, per the filed results.
What is Thermax Limited's latest net profit?: Thermax Limited reported net profit of ₹720 Cr in its latest annual results, per the filed results.
What is Thermax Limited's return on equity?: Thermax Limited posted ROE of 10.6% and ROCE of 14.2% for its latest annual results, computed from filed statements.
What is Thermax Limited's operating margin?: Thermax Limited's operating margin was 10.7% in its latest annual results, derived from filed operating expenses.
How much did Thermax Limited's revenue grow year-on-year?: Thermax Limited's revenue changed 2.9% year-on-year in its latest annual results, per the filed results.