Thermax profit and loss

Latest FY26

Revenue: ₹10,694cr+2.9% on FY25
EBITDA: ₹1,026cr+13.1% on FY25
Net profit: ₹720cr+14.9% on FY25
EPS: ₹63.95+13.5% on FY25

₹ crore except per share

Tap a line for its trend	Last 12Mto Jun 2026	FY26Mar 2026	FY25Mar 2025	FY24Mar 2024	FY23Mar 2023	FY22 and earlierAlpha Plus

Expenses
	10,839	10,694	10,389	9,323	8,090	FY22 and earlierEvery year the company has filed comes with Alpha Plus.
	270	267	252	233	160
	11,109	10,962	10,641	9,556	8,250
	5,622	5,424	5,554	5,092	4,443
	186	185	193	163	153
	−96.1	−49.1	66.6	−35.0	29.3
	1,464	1,421	1,269	1,148	954
	144	139	117	87.6	37.6
	218	208	159	148	117
	2,794	2,687	2,398	2,158	1,913
	10,332	10,015	9,756	8,762	7,647
	870	1,026	908	797	598
	652	819	749	649	481
Profit
	778	947	885	794	603
	61.2	61.2	0.0	75.5	0.0
	839	1,008	885	870	603
	236	268	300	214	126
	11.8	19.6	−41.9	11.3	26.5
	248	288	258	226	152
	−0.2	−0.4	−0.2	−0.8	−0.2
	591	720	627	643	451
	591	721	627	644	451
	−17.6	−18.8	−2.3	−8.9	0.2
	573	701	624	634	451
	593	721	634	645	450
	−2.8	−0.2	−7.8	−2.1	0.4
Per share
	₹52.66	₹63.95	₹56.33	₹57.30	₹39.98
	₹52.66	₹63.94	₹56.31	₹57.28	₹39.98
Other comprehensive income — detail
	−17.6	−18.8	−2.3	—	—
	4.8	2.4	−9.2	−8.8	−14.2
	1.2	0.6	−2.3	—	—
	—	—	—	−2.1	−3.6
	−43.5	−51.6	2.7	−1.5	9.2
	−22.3	−31.0	−1.9	—	—
	—	—	—	0.8	−1.6
	576	702	632	636	450
	−2.6	−0.1	−7.8	−2.2	0.4
Per share — as-filed variants
	₹52.66	₹63.95	₹56.33	₹57.30	₹39.98
	₹52.66	₹63.94	₹56.31	₹57.28	₹39.98
Derived — gross profit (revenue − materials − purchases − Δ inventories)
	5,127	5,135	4,575	4,104	3,465
	47.3%	48.0%	44.0%	44.0%	42.8%
Adjusted (ex-exceptional items) — derived
	778	947	885	794	603
	61.2	61.2	0.0	75.5	0.0
	547	677	627	587	451
	₹48.82	₹60.07	₹56.33	₹52.32	₹39.98

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From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

alphave

THERMAX₹3,193.10

Thermax Ltd.

· Capital Goods & Defence

Annual Quarterly₹ CrorePeersBHEL TRITURBINE AIAENG APARINDS ESCORTS HONAUT PREMIERENE KEIMcap ₹35,970 Cr

View

In ₹ Crore except Per Share 12 Months Ending	FY23 31/03/2023	FY24 31/03/2024	FY25 31/03/2025	FY26 31/03/2026	Last 12M 30/06/2026
Revenue from Operations	8,089.8	9,323.5	10,388.7	10,694.2	10,839.4
Other Income	160.2	232.6	252.2	267.5	270.0
Total Income	8,250.0	9,556.0	10,640.9	10,961.6	11,109.4
Expenses
+ Cost of Materials Consumed	4,442.7	5,091.6	5,553.7	5,424.0	5,622.2
+ Purchases of Stock-in-Trade	152.7	163.0	193.2	184.7	186.3
+ Changes in Inventories	29.3	-35.0	66.6	-49.1	-96.1
+ Employee Benefit Expense	954.2	1,148.3	1,268.9	1,421.2	1,463.6
+ Finance Costs	37.6	87.6	116.8	139.0	143.9
+ Depreciation & Amortisation	116.9	148.1	158.5	207.6	218.3
+ Other Expenses	1,913.4	2,158.2	2,398.5	2,687.1	2,793.5
Total Expenses	7,646.7	8,761.7	9,756.2	10,014.5	10,331.8
EBITDA	597.6	797.4	907.8	1,026.3	869.8
EBIT	480.7	649.3	749.3	818.6	651.5
Profit
PBT before Exceptional Items	603.3	794.3	884.7	947.1	777.6
+ Exceptional Items	0.0	75.5	0.0	61.2	61.2
Pretax Income	603.3	869.8	884.7	1,008.3	838.8
+ Current Tax	125.9	214.5	299.6	268.1	236.2
+ Deferred Tax	26.5	11.3	-41.9	19.6	11.8
Tax Expense	152.4	225.8	257.8	287.7	248.0
+ Share of Associates & JVs	-0.2	-0.8	-0.2	-0.4	-0.2
Net Income	450.7	643.2	626.7	720.3	590.6
+ Net Income — Continuing Ops	450.9	644.0	626.9	720.7	590.8
+ Other Comprehensive Income	0.2	-8.9	-2.3	-18.8	-17.6
Total Comprehensive Income	450.9	634.3	624.4	701.5	573.0
Net Income to Common	450.3	645.3	634.5	720.5	593.4
Minority Interest	0.4	-2.1	-7.8	-0.2	-2.8
Per Share
Basic EPS	39.98	57.30	56.33	63.95	52.66
Diluted EPS	39.98	57.28	56.31	63.94	52.66
Other Comprehensive Income — detail
+ Other Comprehensive Income	—	—	-2.3	-18.8	-17.6
+ Items NOT to be Reclassified to P&L	-14.2	-8.8	-9.2	2.4	4.8
+ Tax on Items NOT to be Reclassified	—	—	-2.3	0.6	1.2
+ Tax on Items NOT to be Reclassified — alt tag	-3.6	-2.1	—	—	—
+ Items to be Reclassified to P&L	9.2	-1.5	2.7	-51.6	-43.5
+ Tax on Items to be Reclassified	—	—	-1.9	-31.0	-22.3
+ Tax on Items to be Reclassified — alt tag	-1.6	0.8	—	—	—
Comprehensive Income — Owners of Parent	450.5	636.5	632.1	701.6	575.6
Comprehensive Income — Non-controlling Interests	0.4	-2.2	-7.8	-0.1	-2.6
Per Share — as-filed variants
Basic EPS — Continuing Operations	39.98	57.30	56.33	63.95	52.66
Diluted EPS — Continuing Operations	39.98	57.28	56.31	63.94	52.66
Derived — Gross Profit (Revenue − Materials − Purchases − Δ Inventories)
Gross Profit	3,465.1	4,103.9	4,575.2	5,134.5	5,126.9
Gross Margin %	42.83	44.02	44.04	48.01	47.30
Adjusted (ex-Exceptional Items) — derived
Pretax Income (Adjusted, as filed)	603.3	794.3	884.7	947.1	777.6
− Exceptional Items (reconciliation)	0.0	75.5	0.0	61.2	61.2
Net Income Adj (tax-effected)	450.7	587.3	626.7	676.5	547.5
EPS Adj	39.98	52.32	56.33	60.07	48.82
Other Filed Concepts — mapped but not yet placed in the schedule
Face Value	2.00	2.00	2.00	2.00	2.00
Paid Up Equity Capital	22.5	22.5	22.5	22.5	22.5

As filed, sign as filed — read the label, not the sign. A line appears only when the company tagged that concept in at least one period shown, so depth follows the filer: pre-Ind-AS, insurance and NBFC blocks stay hidden unless they were actually reported. Alternate tags for the same idea (e.g. two spellings of a deferred-tax element) are kept as separate lines rather than merged, because merging them would be a guess. Ratios, per-share figures and counts render as raw numbers, not ₹ Crore. No consensus estimates → no Est columns. Click any row to chart it.

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Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.