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Thermax Profit Soars 76% on Strong Q3 Performance
3 Feb
Summary
- Consolidated net profit surged 76.16% to Rs 204.18 crore in Q3 FY26.
- Revenue from industrial products grew 14% year-on-year in Q3 FY26.
- Company plans to establish a wholly-owned subsidiary in Dubai.
Thermax's financial performance in Q3 FY26 showcased a substantial increase in profitability, with consolidated net profit rising by 76.16% to Rs 204.18 crore. This marks a significant improvement from the Rs 115.90 crore profit recorded in the same quarter of the previous fiscal year. Revenue from operations also saw an uptick, growing by 4.19% to Rs 2,634.68 crore for the quarter ending December 31, 2025.
The company's segmental performance highlighted broad-based growth. Revenue from industrial products increased by 14% year-on-year, while industrial infrastructure saw a remarkable 68% rise. Green solutions experienced exceptional growth, up 268%, and the chemical segment grew by 8%.
Looking at the order book as of December 31, 2025, it stood at Rs 12,641 crore, an 11.05% increase from the prior year. However, order booking for the quarter declined by 34.14% compared to the same period last year. Thermax also announced its board's approval for establishing a wholly-owned step-down subsidiary in Dubai, to be incorporated through its Singapore subsidiary.
