Quarterly Results Results Snapshot
YoYQoQ
Figures in Cr
Consolidate Quarterly Results
Jun'26
Mar'26
Dec'25
Sep'25
Jun'25
Mar'25
Dec'24
Net Sales
2,302.73
3,428.04
2,634.68
2,473.90
2,157.53
3,046.40
2,528.72
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
2,302.73
3,428.04
2,634.68
2,473.90
2,157.53
3,046.40
2,528.72
Raw Material Cost
1,227.56
1,747.60
1,311.45
1,335.55
1,029.42
1,622.91
1,363.25
Purchase of Finished goods
43.88
54.87
39.77
47.81
42.22
58.41
53.79
(Increase) / Decrease In Stocks
-50.92
9.08
19.31
-73.54
-3.93
24.96
3.38
Employee Cost
371.46
391.46
360.22
340.50
329.02
332.02
322.68
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
642.13
850.72
649.11
651.55
535.70
708.43
596.63
Total Expenditure (Excl Depreciation)
2,234.11
3,053.73
2,379.86
2,301.87
1,932.43
2,746.73
2,339.73
Operating Profit (PBDIT) excl Other Income
68.62
374.31
254.82
172.03
225.10
299.67
188.99
Other Income
68.19
53.71
62.73
85.41
65.63
76.85
31.51
Operating Profit (PBDIT)
136.81
428.02
317.55
257.44
290.73
376.52
220.50
Interest
35.15
42.35
34.24
32.17
30.20
31.25
28.66
Exceptional Items
0.00
2.46
58.75
0.00
0.00
0.00
0.00
Gross Profit (PBDT)
101.66
388.13
342.06
225.27
260.53
345.27
191.84
Depreciation
59.52
54.01
53.28
51.47
48.88
45.34
35.07
Profit Before Tax
42.14
334.13
288.67
173.67
211.47
300.64
156.27
Tax
20.35
89.73
83.66
54.27
60.02
95.09
42.54
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
21.79
244.39
205.12
119.53
151.63
204.84
114.23
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
21.79
244.39
205.12
119.53
151.63
204.84
114.23
Share in Profit of Associates
0.00
0.01
-0.11
-0.13
-0.18
0.71
-0.50
Minority Interest
-3.45
0.12
0.83
-0.26
-0.93
-0.18
-2.17
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
25.24
244.28
204.18
119.66
152.38
205.73
115.90
Equity Capital
22.53
22.53
22.53
22.53
22.53
22.53
22.53
Face Value
2.0
2.0
2.0
2.0
2.0
2.0
2.0
Reserves
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Earnings per share (EPS)
2.24
21.68
18.13
10.62
13.53
18.26
10.29
Diluted Earnings per share
2.24
21.68
18.12
10.62
13.52
18.26
10.29
Operating Profit Margin (Excl OI)
2.98%
10.92%
9.67%
6.95%
10.43%
9.84%
7.47%
Gross Profit Margin
4.41%
11.32%
12.98%
9.11%
12.08%
11.33%
7.59%
PAT Margin
0.95%
7.13%
7.78%
4.83%
7.02%
6.75%
4.5%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Quarterly Analysis Highlights - YoY
Net Sales
YoY Growth in quarter ended Jun 2026 is 6.73% vs -1.23% in Jun 2025
Consolidate Net Profit
YoY Growth in quarter ended Jun 2026 is -83.44% vs 31.58% in Jun 2025
Operating Profit (PBDIT) excl Other Income
YoY Growth in quarter ended Jun 2026 is -69.52% vs 59.48% in Jun 2025
Interest
YoY Growth in quarter ended Jun 2026 is 16.39% vs 9.90% in Jun 2025
Operating Profit Margin (Excl OI)
YoY Growth in quarter ended Jun 2026 has fallen from Jun 2025
Compare Quarterly Results Of Thermax With
Figures in Cr
Consolidate Quarterly Results
Change(INR)
Change(%)
Net Sales
2,302.73
3,829.09
-1,526.36
-39.86%
Other Operating Income
0.00
0.00
0.00
Total Operating income
2,302.73
3,829.09
-1,526.36
-39.86%
Raw Material Cost
1,227.56
2,942.39
-1,714.83
-58.28%
Purchase of Finished goods
43.88
0.00
43.88
(Increase) / Decrease In Stocks
-50.92
-445.71
394.79
88.58%
Employee Cost
371.46
268.00
103.46
38.60%
Power Cost
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
642.13
469.17
172.96
36.87%
Total Expenditure (Excl Depreciation)
2,234.11
3,233.85
-999.74
-30.91%
Operating Profit (PBDIT) excl Other Income
68.62
595.24
-526.62
-88.47%
Other Income
68.19
33.44
34.75
103.92%
Operating Profit (PBDIT)
136.81
628.68
-491.87
-78.24%
Interest
35.15
133.62
-98.47
-73.69%
Exceptional Items
0.00
0.00
0.00
Gross Profit (PBDT)
101.66
495.06
-393.40
-79.47%
Depreciation
59.52
105.59
-46.07
-43.63%
Profit Before Tax
42.14
389.47
-347.33
-89.18%
Tax
20.35
84.25
-63.90
-75.85%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
21.79
305.22
-283.43
-92.86%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
21.79
305.22
-283.43
-92.86%
Share in Profit of Associates
0.00
0.00
0.00
Minority Interest
-3.45
0.00
-3.45
Other related items
0.00
0.00
0.00
Consolidated Net Profit
25.24
305.22
-279.98
-91.73%
Equity Capital
22.53
2,750.61
-2,728.08
-99.18%
Face Value
2.00
2.00
0.00
Reserves
0.00
0.00
0.00
Earnings per share (EPS)
2.24
0.22
2.02
918.18%
Diluted Earnings per share
2.24
0.22
2.02
918.18%
Operating Profit Margin (Excl OI)
2.98%
15.58%
0.00
-12.60%
Gross Profit Margin
4.41%
12.96%
0.00
-8.55%
PAT Margin
0.95%
7.99%
0.00
-7.04%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Quarterly - Net Sales
Net Sales 2,302.73 Cr
in Jun 2026Figures in Cr
QoQ Growth in quarter ended Jun 2026 is -32.83% vs 30.11% in Mar 2026
YoY Growth in quarter ended Jun 2026 is 6.73% vs -1.23% in Jun 2025
Quarterly - Consolidate Net Profit
Consolidate Net Profit 25.24 Cr
in Jun 2026Figures in Cr
QoQ Growth in quarter ended Jun 2026 is -89.67% vs 19.64% in Mar 2026
YoY Growth in quarter ended Jun 2026 is -83.44% vs 31.58% in Jun 2025
Quarterly - Operating Profit (PBDIT)
Operating Profit (PBDIT) 68.62 Cr
in Jun 2026Figures in Cr
QoQ Growth in quarter ended Jun 2026 is -81.67% vs 46.89% in Mar 2026
YoY Growth in quarter ended Jun 2026 is -69.52% vs 59.48% in Jun 2025
Quarterly - Interest
Interest 35.15 Cr
in Jun 2026Figures in Cr
QoQ Growth in quarter ended Jun 2026 is -17.00% vs 23.69% in Mar 2026
YoY Growth in quarter ended Jun 2026 is 16.39% vs 9.90% in Jun 2025
Quarterly - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 2.98%
in Jun 2026Figures in %
QoQ Growth in quarter ended Jun 2026 has fallen from Mar 2026
YoY Growth in quarter ended Jun 2026 has fallen from Jun 2025
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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