Thermax Shares Reach New 52-Week High Following Strong Q4 Earnings Beat

Thermax Shares Reach Fresh 52-Week High

Shares of Thermax surged 13 percent to hit a fresh 52-week high of Rs 4,736 per share on the NSE on Friday after the company reported a 19 percent rise in consolidated net profit for the March quarter, aided by higher income.

The company posted a consolidated net profit of Rs 244 crore for the quarter ended March 2026, compared with Rs 205 crore in the year-ago period, according to an exchange filing. This profit figure was higher than the CNBC-TV18 poll estimate of Rs 219 crore. The company's financial performance is a testament to its continued growth and success in the energy and environment segment.

Revenue during the quarter rose 12.5 percent year-on-year to Rs 3,428 crore, surpassing estimates of Rs 3,277 crore. This significant increase in revenue is a result of the company's diversified offerings in clean air, clean energy, clean water, and chemical solutions.

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Total income increased to Rs 3,481.75 crore in the January-March period from Rs 3,123.25 crore in the corresponding quarter of the previous financial year. The company's order balance stood at Rs 13,604 crore as on March 31, 2026, up 27 percent from Rs 10,693 crore in the corresponding quarter of the previous year.

The board has recommended a final dividend of Rs 14 per share. In addition, the company declared a special dividend of Rs 6 per share to mark its 60th anniversary. The stock has gained more than 14 percent over the last two trading sessions, with a gain of 4.6 percent on Friday.