Thermax Limited (NSE:THERMAX)
India · Delayed Price · Currency is INR 3,692.50
+47.10 (1.29%)
Sep 11, 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 | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
| 108,394 | 106,942 | 103,693 | 93,235 | 80,898 | 61,283 | |
Revenue Growth | 4.68% | 3.13% | 11.22% | 15.25% | 32.01% | 27.91% |
Cost of Revenue | 71,445 | 70,818 | 71,260 | 52,196 | 46,247 | 34,850 |
Gross Profit | 36,948 | 36,123 | 32,433 | 41,039 | 34,651 | 26,433 |
Selling, General & Admin | 14,636 | 14,597 | 12,998 | 11,743 | 9,568 | 8,151 |
Other Operating Expenses | 13,614 | 11,139 | 10,316 | 21,304 | 19,070 | 14,048 |
Operating Expenses | 30,433 | 27,813 | 24,899 | 34,400 | 29,806 | 23,331 |
Operating Income | 6,515 | 8,310 | 7,534 | 6,639 | 4,846 | 3,102 |
Interest Expense | -1,439 | -1,216 | -1,013 | -737.7 | -252.1 | -134.7 |
Interest & Investment Income | - | 1,102 | 938.2 | 912.1 | 713 | 590.4 |
Earnings From Equity Investments | -2.3 | -4.1 | -2.4 | -8.2 | -2.3 | 1.3 |
Other Non Operating Income (Expenses) | 2,700 | 145.3 | 145.3 | 1,121 | 600.3 | 276.2 |
EBT Excluding Unusual Items | 7,774 | 8,337 | 7,603 | 7,927 | 5,905 | 3,835 |
Merger & Restructuring Charges | - | - | -6.9 | - | - | - |
Gain (Loss) on Sale of Investments | - | 805.3 | 1,179 | - | - | - |
Gain (Loss) on Sale of Assets | - | -116.6 | -26.3 | -8.8 | -37.9 | 76.4 |
Asset Writedown | - | - | - | -128.1 | - | - |
Legal Settlements | 506.3 | 506.3 | - | -506.3 | - | - |
Other Unusual Items | 105.8 | 135 | 96.4 | 1,406 | 164 | 189.9 |
Pretax Income | 8,386 | 10,079 | 8,845 | 8,690 | 6,031 | 4,101 |
Income Tax Expense | 2,480 | 2,877 | 2,578 | 2,258 | 1,524 | 977.9 |
Earnings From Continuing Operations | 5,906 | 7,203 | 6,267 | 6,432 | 4,507 | 3,123 |
Minority Interest in Earnings | 27.6 | 2.4 | 77.7 | 20.9 | -4.1 | - |
Net Income | 5,934 | 7,205 | 6,345 | 6,453 | 4,503 | 3,123 |
Net Income to Common | 5,934 | 7,205 | 6,345 | 6,453 | 4,503 | 3,123 |
Net Income Growth | -11.58% | 13.56% | -1.68% | 43.30% | 44.18% | 51.18% |
Shares Outstanding (Basic) | 113 | 113 | 113 | 113 | 113 | 113 |
Shares Outstanding (Diluted) | 113 | 113 | 113 | 113 | 113 | 113 |
Shares Change | 0.01% | 0.01% | 0.01% | 0.02% | - | 0.02% |
EPS (Basic) | 52.66 | 63.95 | 56.33 | 57.30 | 39.98 | 27.73 |
EPS (Diluted) | 52.65 | 63.94 | 56.31 | 57.28 | 39.98 | 27.73 |
EPS Growth | -11.58% | 13.55% | -1.69% | 43.27% | 44.18% | 51.17% |
Additional Metrics
Fiscal Year | TTM | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 30, 2026 | 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 |
Free Cash Flow | - | -4,109 | 1,778 | -5,966 | -2,047 | 2,409 |
Free Cash Flow Per Share | - | -36.46 | 15.78 | -52.96 | -18.17 | 21.39 |
Dividend Per Share | - | 14.000 | 14.000 | 12.000 | 10.000 | 9.000 |
Dividend Growth | - | 0% | 16.67% | 20.00% | 11.11% | 28.57% |
Gross Margin | 34.09% | 33.78% | 31.28% | 44.02% | 42.83% | 43.13% |
Operating Margin | 6.01% | 7.77% | 7.27% | 7.12% | 5.99% | 5.06% |
Profit Margin | 5.47% | 6.74% | 6.12% | 6.92% | 5.57% | 5.10% |
Free Cash Flow Margin | - | -3.84% | 1.71% | -6.40% | -2.53% | 3.93% |
EBITDA | 8,756 | 10,137 | 8,954 | 7,851 | 5,862 | 4,085 |
EBITDA Margin | 8.08% | 9.48% | 8.64% | 8.42% | 7.25% | 6.67% |
D&A For EBITDA | 2,241 | 1,826 | 1,420 | 1,212 | 1,016 | 983 |
EBIT | 6,515 | 8,310 | 7,534 | 6,639 | 4,846 | 3,102 |
EBIT Margin | 6.01% | 7.77% | 7.27% | 7.12% | 5.99% | 5.06% |
Effective Tax Rate | 29.57% | 28.54% | 29.14% | 25.98% | 25.26% | 23.84% |
Revenue as Reported | 111,094 | 109,616 | 106,215 | 95,560 | 82,500 | 62,553 |
Advertising Expenses | - | 385.2 | 308.2 | - | - | - |