Thermax Q2FY27 Earnings Call Set for 6 November 2026
NiveshIQ
Thermax Ltd.
NiveshIQ has detected 5 active signals on THERMAX. Sign up free to see what each signal means and how it affects the stock.
Unlock signals — freeAbout Thermax Ltd.
Thermax Limited operates across four core segments: Industrial Products, Industrial Infra, Green Solutions, and Chemical. The Industrial Products segment drives the bulk of revenue through manufacturing, installation, and servicing of boilers, heat pumps, and pollution control equipment, while the Industrial Infra arm focuses on EPC of power plants and flue gas desulphurisation projects. Green Solutions contributes through BOO models, energy management, and renewable projects such as solar and wind, and the Chemical segment adds manufacturing of specialty chemicals. Recent Q1 results showed an 85% drop in net profit, prompting a strategic shift to reinforce growth in energy and infrastructure, as highlighted by CEO Ashish Bhandari. Despite the earnings dip, the company’s revenue stood at ₹
Financial Highlights
| Metric | FY24 | FY25 | FY26 |
|---|---|---|---|
| Revenue | ₹9,323 Cr +15.25% | ₹10,389 Cr +11.43% | ₹10,694 Cr +2.94% |
| EBITDA Margin | 8.55% | 8.74% | 9.60% |
| Net Profit | ₹645.28 Cr +43.30% | ₹634.47 Cr -1.68% | ₹720.50 Cr +13.56% |
| EPS | ₹57.30 | ₹56.33 | ₹63.95 |
Annual figures in Indian Rupees (Crores). Source: company filings (NSE).
Recent News
Regulatory risk, tax certainty: Inside the Thermax family office’s global playbook
Thermax Ltd. Share Price Today - Thermax Ltd. Stock Price Live NSE/BSE
Strategic Outlook
- Q1FY27 results: revenue ₹2, 303 Cr, PAT ₹22 Cr, EPS ₹2.24, EBITDA margin 5.9%. Growth context: revenue QoQ -32.8%, PAT QoQ -91.1%. Street verdict: strong miss, revenue surprise -6.4%, PAT surprise -86.1%.
Management highlights order inflow, backlog conversion, execution ramp‑up, new capacity addition and capex deployment as...
FY26 (last completed FY): revenue ₹10, 385 Cr, PAT ₹485 Cr, EBITDA margin 13.0%, EPS ₹63.95. Year-on-year: revenue YoY -...
More Capital Goods stocks
Everything you unlock with a free account
Frequently Asked Questions
What AI signals does NiveshIQ provide for Thermax Ltd.?
NiveshIQ detects active intelligence signals for Thermax Ltd. (THERMAX) — including earnings catalysts, relative strength patterns, sector sweeps, and pullback setups. It also shows an Expected Move (1D/1W/1M range based on news, fundamentals and technicals) and a Confidence Score based on historical directional and magnitude accuracy. These are exclusive to NiveshIQ.
What are the key financials for Thermax Ltd.?
Thermax Ltd. operates in the Capital Goods sector with a market capitalisation of ₹5,302,372.9L Cr. Revenue, net profit, EPS and EBITDA margins across the last three annual periods are shown above, sourced from BSE filings.
Does NiveshIQ provide investment advice?
No. NiveshIQ provides educational market intelligence and research context, not investment advice or buy/sell recommendations.