Shares of Thermax jumped as much as 12 percent on Friday, 08 May after the engineering and energy solutions company posted better-than-expected March quarter results, aided by strong execution and healthy demand across core businesses.
The company reported a net profit of Rs 244.3 crore for Q4FY26, up 19 percent from the year-ago period while the evenue during the quarter rose 12.5 percent year-on-year to Rs 3,428 crore, surpassing analyst expectations of Rs 3,277 crore.
Operating performance also remained robust. EBITDA increased nearly 25 percent to Rs 374.3 crore, while operating margin improved to 10.9 percent from 9.8 percent a year ago.
The company attributed the strong quarterly performance to higher order inflows in the industrial products and industrial infrastructure segments, along with improved traction in heating, cooling, and water and waste management solutions.
Thermax also secured a boiler package order worth Rs 1,600 crore during the quarter, strengthening its order book and medium-term revenue visibility.
Despite the strong overall performance, the chemicals business remained under pressure due to elevated raw material costs and an unfavourable product mix. Margins in the green solutions business were also impacted by project overruns.
The board has recommended a final dividend of Rs 14 per share for FY26. |
