Thermax shares surged more than 6% in morning trade on Friday after the company reported strong consolidated earnings for the fourth quarter of FY26, supported by healthy revenue growth and margin expansion.
The company posted a consolidated net profit of Rs 244 crore for the January–March quarter, marking an 18.7% increase compared to Rs 206 crore reported in the same period last year.
Revenue from operations rose 12.5% year-on-year to Rs 3,428 crore against Rs 3,046 crore in Q4 FY25, reflecting steady demand across its business segments.
Thermax also reported a strong operational performance during the quarter. EBITDA climbed 24.5% to Rs 374 crore compared to Rs 301 crore a year ago. EBITDA margin improved to 10.9% from 9.9% in the corresponding quarter last year, indicating better operational efficiency and improved profitability.
Along with the quarterly earnings, the company announced a final dividend of Rs 14 per equity share for shareholders.