Results · Apr-Jun 2026
Thermax Q1 FY27 results
Sales grew 7% to ₹2,303 crore from ₹2,150 crore in Apr-Jun 2025.
Operating profit fell 70% to ₹68.6 crore, an operating margin of 3.0% (down 7.5 points from a year ago).
Net profit fell 86% to ₹21.8 crore from ₹151 crore in Apr-Jun 2025.
Against Jan-Mar 2026: sales −33%, net profit −91%.
Apr-Jun 2026 vs a year ago
| ₹ crore | Apr-Jun 2026 | Apr-Jun 2025 | Change |
|---|---|---|---|
| Sales | 2,303 | 2,150 | +7% |
| Operating profit (EBITDA) | 68.6 | 225.1 | −70% |
| Operating margin | 3.0% | 10.5% | −7.5 pts |
| Net profit | 21.8 | 151.5 | −86% |
Consolidated figures. Margins & ratios change in percentage points (pts).
The last 7 quarters
From the company's results filed on BSE (Consolidated). Business numbers only. Education & analysis, not investment advice or a recommendation.