Thermax's Q4 FY 2025-26 Quarterly Results

Result Summary

• Thermax Ltd reported a 29.1% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Mar (Q4 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 10.1%.
• Its expenses for the quarter were up by 27.7% QoQ and 10.1% YoY.
• The net profit increased 19.2% QoQ and increased 18.9% YoY.
• The earnings per share (EPS) of Thermax Ltd stood at 21.68 during Q4 FY 2025-26.

Financial Statments for Q4 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Thermax Ltd is a prominent engineering company, primarily engaged in the business of providing energy and environmental solutions. The company operates in sectors such as heating, cooling, water and waste management, and specialty chemicals. Thermax serves a wide range of industries, offering products and services that help improve efficiency and sustainability. While specific recent developments are not detailed here, companies like Thermax typically focus on innovation, energy efficiency, and environmental sustainability to stay competitive in their field.

Revenue

In Q4FY26, Thermax Ltd reported a total income of ₹3481.75 crores, reflecting a notable increase from the previous quarter's ₹2697.41 crores, marking a quarter-over-quarter (QoQ) growth of 29.1%. Compared to Q4FY25, where the total income was ₹3161.78 crores, the year-over-year (YoY) increase stood at 10.1%. This indicates that the company has experienced substantial revenue growth both on a sequential quarterly basis and on an annual basis.

Profitability

Thermax Ltd's profitability in Q4FY26 showed a positive trend, with a profit before tax (PBT) of ₹334.12 crores, up from ₹288.78 crores in Q3FY26, resulting in a QoQ increase of 15.7%. When compared to the same quarter in the previous year (Q4FY25), which had a PBT of ₹299.93 crores, there was an 11.4% YoY growth. The profit after tax (PAT) for Q4FY26 was ₹244.40 crores, which was a 19.2% increase QoQ from ₹205.01 crores and an 18.9% rise YoY from ₹205.55 crores. The earnings per share (EPS) also increased, from ₹18.12 in Q3FY26 and ₹18.26 in Q4FY25, to ₹21.68, marking a QoQ growth of 19.6% and a YoY growth of 18.7%.

Operating Metrics

The total expenses for Q4FY26 were reported at ₹3150.09 crores, up from ₹2467.38 crores in the previous quarter, which translates to a 27.7% QoQ increase. Compared to the same period last year, when total expenses were ₹2861.85 crores, there was a YoY increase of 10.1%. The tax expense for Q4FY26 was ₹89.73 crores, showing a moderate increase of 7.3% from Q3FY26, but a decrease of 5.6% compared to Q4FY25. These figures indicate that despite the increase in expenses, the company's profitability metrics have improved over both the previous quarter and the same quarter last year.