Thermax · NSE: THERMAX · BSE: 500411

Q1 FY26 results · Apr–Jun 2025

Thermax reported revenue from operations of ₹2,150.18 crore (down 1.6% from Q1 FY25) and net profit of ₹151.45 crore (up 38.4% from Q1 FY25) for Q1 FY26 (Apr–Jun 2025), on a consolidated basis.

Consolidated · ₹ crore
Item	Q1 FY26	Q1 FY25	YoY	Q4 FY25	QoQ
Revenue from operations	2,150.18	2,184.41	−1.6%	3,084.93	−30.3%
Other income	65.63	84.09	−22.0%	76.85	−14.6%
Total income	2,215.81	2,268.50	−2.3%	3,161.78	−29.9%
Profit before share of associates & JVs and tax	211.65	161.73	+30.9%	299.93	−29.4%
Share of profit/(loss) of associates & JVs	(0.18)	(0.42)		0.71
Net profit for the period	151.45	109.42	+38.4%	205.55	−26.3%
Attributable to shareholders of the company	152.38	115.81	+31.6%	205.73	−25.9%
EPS, basic (₹)	13.53	10.28	+31.6%	18.27	−25.9%
Net margin (%)	7.0	5.0		6.7

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q1 FY26	Q1 FY25	YoY	Q4 FY25	QoQ
Revenue from operations	1,182.66	1,310.95	−9.8%	1,971.65	−40.0%
Other income	34.85	68.53	−49.1%	55.65	−37.4%
Total income	1,217.51	1,379.48	−11.7%	2,027.30	−39.9%
Profit before tax	61.92	116.18	−46.7%	337.20	−81.6%
Net profit for the period	46.47	85.98	−46.0%	275.05	−83.1%
EPS, basic (₹)	3.90	7.22	−46.0%	23.09	−83.1%
Net margin (%)	3.9	6.6		14.0

Consolidated

Filed with BSE: 31 Jul 2025, 17:23 IST
Board meeting: 31 Jul 2025
Period: 01 Apr 2025 to 30 Jun 2025
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 31 Jul 2025, 17:23 IST
Board meeting: 31 Jul 2025
Period: 01 Apr 2025 to 30 Jun 2025
Review status: Unaudited
Source: XBRL filing on BSE