Thermax Quarterly Results for Trading Insights
In Mar 2026, Thermax (THERMAX) reported revenue ₹3,484 Cr and net profit ₹244 Cr — revenue +11.5% YoY. Compare with THERMAX fair value estimate to assess whether the stock is under or overvalued.
THERMAX Quarterly Results — Revenue, Profit & EPS Highlights
Thermax latest quarter revenue, net profit, EPS and QoQ/YoY growth rates. Also explore THERMAX stock price history to track price trends across different timeframes.
- Revenue of ₹3,484 Cr in Mar 2026 (+36.1% vs Sept 2025, +11.5% vs Mar 2025)
- Net Profit of ₹244 Cr in Mar 2026 (+105.0% vs Sept 2025, +18.4% vs Mar 2025)
- EBITDA of ₹431 Cr in Mar 2026 (+67.7% vs Sept 2025)
- Operating Margin of 11.0% in Mar 2026 (+4.0pp vs Sept 2025)
- Earnings Per Share of ₹21.68 in Mar 2026 (+104.1% vs Sept 2025)
Thermax Quarterly Results — Revenue, EBITDA, Net Profit & EPS
THERMAX quarterly revenue, expenses, EBITDA, net profit, EPS and operating margin with QoQ and YoY comparison.
| Metric | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | QoQ | YoY |
|---|---|---|---|---|---|---|---|
| Revenue (₹ Cr) | 3,484 | 2,559 | 3,124 | 2,223 | 2,756 | 36.1% | 11.5% |
| Net Profit (₹ Cr) | 244 | 119 | 206 | 151 | 205 | - | - |
| EBITDA (₹ Cr) | 431 | 257 | 377 | 291 | 376 | - | - |
| EPS (₹) | 21.68 | 10.62 | 18.27 | 13.53 | 18.12 | - | - |
| Operating Margin (%) | 11.0% | 7.0% | 10.0% | 10.0% | 10.0% | - | - |
THERMAX Share Price Trend — 1-Year Movement Across Quarterly Results
Thermax 1-year share price in ₹ overlaid with quarterly earnings dates — NSE/BSE closing prices. For annual financials, live price and key ratios, visit THERMAX stock price BSE.
Revenue Trend (₹ Cr)
Net Profit Trend (₹ Cr)
Operating Margin Trend (%)
THERMAX vs Capital Goods Peers — Quarterly Revenue, Profit & Market Cap
Thermax latest quarter revenue and net profit vs Capital Goods competitors — market cap, price and earnings comparison.
| Company Latest Quarter | Market Cap (₹ Cr) | Price (₹) | Revenue (₹ Cr) | Net Profit (₹ Cr) | Rev QoQ % | Rev YoY % | Profit Margin % | P/E Ratio |
|---|---|---|---|---|---|---|---|---|
|
Hitachi Energy
March 2026 |
₹160,861.66 Cr | 33965.0 | 7,918 | 975 | +22.9% | +22.9% | 12.3% | 153.3 |
|
ABB
Mar 2026 |
₹147,647.16 Cr | 6993.0 | 4,704 | 1,784 | +39.6% | +51.7% | 37.9% | 83.1 |
|
CG Power & Industri…
Mar 2026 |
₹144,805.80 Cr | 942.1 | 3,521 | 364 | +17.8% | +24.7% | 10.3% | 406.1 |
|
GE Vernova T&D
March 2026 |
₹141,683.35 Cr | 5043.0 | 6,206 | 1,195 | +42.5% | +42.5% | 19.3% | 104.7 |
|
Bharat Heavy Electr…
Mar 2026 |
₹140,292.33 Cr | 402.7 | 12,570 | 1,291 | +63.2% | +37.3% | 10.3% | 108.5 |
All amounts in ₹ Crores