Thermax Limited (NSE:THERMAX)
India · Delayed Price · Currency is INR 4,483.00
-62.10 (-1.37%)
May 12, 2026, 3:29 PM IST
Thermax Income Statement
Financials in millions INR. Fiscal year is April - March.
Millions INR. Fiscal year is Apr - Mar.
Fiscal Year | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 |
Operating Revenue | 106,942 | 103,887 | 93,235 | 80,898 | 61,283 |
Other Revenue | 2,675 | - | - | - | - |
| 109,616 | 103,887 | 93,235 | 80,898 | 61,283 | |
Revenue Growth (YoY) | 5.51% | 11.43% | 15.25% | 32.01% | 27.91% |
Cost of Revenue | 69,557 | 58,135 | 52,196 | 46,247 | 34,850 |
Gross Profit | 40,059 | 45,752 | 41,039 | 34,651 | 26,433 |
Selling, General & Admin | 14,212 | 12,987 | 11,743 | 9,568 | 8,151 |
Other Operating Expenses | 12,910 | 23,646 | 21,304 | 19,070 | 14,048 |
Operating Expenses | 29,198 | 38,218 | 34,400 | 29,806 | 23,331 |
Operating Income | 10,861 | 7,534 | 6,639 | 4,846 | 3,102 |
Interest Expense | -1,390 | -1,013 | -737.7 | -252.1 | -134.7 |
Interest & Investment Income | - | 938.2 | 912.1 | 713 | 590.4 |
Earnings From Equity Investments | -4.1 | -2.4 | -8.2 | -2.3 | 1.3 |
Other Non Operating Income (Expenses) | - | 1,324 | 1,121 | 600.3 | 276.2 |
EBT Excluding Unusual Items | 9,467 | 8,782 | 7,927 | 5,905 | 3,835 |
Merger & Restructuring Charges | - | -6.9 | - | - | - |
Gain (Loss) on Sale of Assets | - | -26.3 | -8.8 | -37.9 | 76.4 |
Asset Writedown | - | - | -128.1 | - | - |
Legal Settlements | - | - | -506.3 | - | - |
Other Unusual Items | 612.1 | 96.4 | 1,406 | 164 | 189.9 |
Pretax Income | 10,079 | 8,845 | 8,690 | 6,031 | 4,101 |
Income Tax Expense | 2,877 | 2,578 | 2,258 | 1,524 | 977.9 |
Earnings From Continuing Operations | 7,203 | 6,267 | 6,432 | 4,507 | 3,123 |
Minority Interest in Earnings | 2.4 | 77.7 | 20.9 | -4.1 | - |
Net Income | 7,205 | 6,345 | 6,453 | 4,503 | 3,123 |
Net Income to Common | 7,205 | 6,345 | 6,453 | 4,503 | 3,123 |
Net Income Growth | 13.56% | -1.68% | 43.30% | 44.18% | 51.18% |
Shares Outstanding (Basic) | 113 | 113 | 113 | 113 | 113 |
Shares Outstanding (Diluted) | 113 | 113 | 113 | 113 | 113 |
Shares Change (YoY) | 0.01% | 0.01% | 0.02% | - | 0.02% |
EPS (Basic) | 63.95 | 56.33 | 57.30 | 39.98 | 27.73 |
EPS (Diluted) | 63.94 | 56.31 | 57.28 | 39.98 | 27.73 |
EPS Growth | 13.55% | -1.69% | 43.27% | 44.18% | 51.17% |
Free Cash Flow | -4,109 | 1,401 | -5,966 | -2,047 | 2,409 |
Free Cash Flow Per Share | -36.46 | 12.44 | -52.96 | -18.17 | 21.39 |
Dividend Per Share | - | 14.000 | 12.000 | 10.000 | 9.000 |
Dividend Growth | - | 16.67% | 20.00% | 11.11% | 28.57% |
Gross Margin | 36.55% | 44.04% | 44.02% | 42.83% | 43.13% |
Operating Margin | 9.91% | 7.25% | 7.12% | 5.99% | 5.06% |
Profit Margin | 6.57% | 6.11% | 6.92% | 5.57% | 5.10% |
Free Cash Flow Margin | -3.75% | 1.35% | -6.40% | -2.53% | 3.93% |
EBITDA | 12,937 | 8,954 | 7,851 | 5,862 | 4,085 |
EBITDA Margin | 11.80% | 8.62% | 8.42% | 7.25% | 6.67% |
D&A For EBITDA | 2,076 | 1,420 | 1,212 | 1,016 | 983 |
EBIT | 10,861 | 7,534 | 6,639 | 4,846 | 3,102 |
EBIT Margin | 9.91% | 7.25% | 7.12% | 5.99% | 5.06% |
Effective Tax Rate | 28.54% | 29.14% | 25.98% | 25.26% | 23.84% |
Revenue as Reported | 109,616 | 106,409 | 95,560 | 82,500 | 62,553 |
Source: S&P Global Market Intelligence. Standard template. Financial Sources.