Thermax Q4 FY26: Consolidated Revenue ₹3,428 Crore, Net Profit ₹244 Crore
Thermax Limited reported consolidated revenue of ₹3,428 crore and net profit of ₹244 crore for Q4 FY26. For FY26, consolidated revenue was ₹10,694 crore and net profit ₹720 crore. Standalone Q4 FY26 revenue was ₹2,226 crore with net profit ₹201 crore. FY26 standalone net profit stood at ₹649 crore.
The results show growth in key financial metrics, which is positive for the company's performance. However, the growth is moderate, indicating a stable rather than a significant surge.
The company has reported an increase in both revenue and net profit on a consolidated and standalone basis for the quarter and the full financial year compared to the previous year.
Thermax Limited announced its audited financial results for the quarter and year ended March 31, 2026. The company reported consolidated revenue from operations of ₹3,428.04 crore for the fourth quarter, an increase from ₹3,046.40 crore in the same period last year. Consolidated net profit for the quarter stood at ₹244.40 crore, up from ₹205.55 crore in Q4 FY25.
For the full financial year ended March 31, 2026, consolidated revenue was ₹10,694.15 crore, compared to ₹10,369.26 crore in the previous year. The consolidated net profit for the fiscal year rose to ₹720.26 crore from ₹626.70 crore in FY25. Basic earnings per share for the consolidated entity were ₹21.68 for the quarter and ₹63.95 for the year.
On a standalone basis, Thermax reported revenue from operations of ₹2,225.85 crore for the fourth quarter, and a net profit of ₹201.04 crore. For the full year, standalone revenue was ₹6,518.26 crore and net profit was ₹648.91 crore. Standalone basic earnings per share were ₹16.87 for the quarter and ₹54.46 for the year.
The company also disclosed exceptional items, including a net gain of ₹2.46 crore for the consolidated entity in Q4 FY26, primarily related to reversal of provision for litigation and interest on deposit, along with statutory impact of new labour codes. For the standalone entity, exceptional items also resulted in a net gain of ₹2.46 crore, with notable items including reversal of impairment of investments in subsidiaries and reversal of provision for litigation.
What to do with a filing like this
Thermax Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Thermax Limited. Read the original for the full detail.