Shares of Thermax Limited surged nearly 3% on Thursday, August 28, trading at ₹3,344.90, up 2.65% from the previous close of ₹3,258.70. The rally comes on the back of strong trading volumes, with the stock emerging as one of the top gainers on the Nifty Midcap 150 index.
Surge in volume boosts sentiment
The sharp uptick in Thermax’s stock price is largely attributed to a surge in trading activity, reflecting investor confidence in the company’s growth prospects. The counter saw volumes significantly above its average, signaling strong institutional and retail participation.
Financial overview
Thermax has delivered consistent growth in both revenue and profitability over the last few years.
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For the quarter ending March 2025, revenue stood at ₹3,084.93 crore, while net profit came in at ₹204.84 crore.
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For the quarter ending June 2025, revenue was ₹2,150.18 crore with a net profit of ₹151.63 crore.
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Over a longer horizon, revenue rose from ₹4,791.25 crore in 2021 to ₹10,388.69 crore in 2025, while net profit increased from ₹206.58 crore to ₹626.94 crore in the same period.
The company has also rewarded shareholders with corporate actions in the past, including a bonus issue (2:1) in 2003 and a stock split in 2006 (FV from 10 to 2).
Outlook
With robust financials, consistent earnings growth, and renewed investor interest, Thermax continues to strengthen its position in the industrial solutions and clean energy sector, which is aiding the positive momentum in its stock price.
