Q3 FY26 results: PAT up 80% YoY, order bookings surge 34%

Profit growth above 25%Exceptional itemResults View source PDF Explain this filing

THERMAX · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+3.8%Reaction day

₹2825.60

prior close

₹3090.00

announcement price

After-mkt

timing

Nifty Midcap 150market · index membership as recorded later (tracked since Jun 2026)+2.9%+0.9% vs market

Heavy Electrical Equipment peers, median of 30sector+4.6%-0.8% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Midcap 150 and 0.8 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.7

10m

-2.2

15m

-1.4

30m

-4.2

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.8+2.9+0.9+4.6-0.8

Next day

+4.6+3.5+1.1+5.9-1.3

+3.2+3.2-0.0+5.3-2.1

+1.6+3.2-1.6+5.2-3.6

+2.3+4.8-2.5+8.3-6.0

+5.0+5.2-0.3+9.5-4.5

+0.3+4.7-4.4+7.4-7.1

15d

+11.7+2.7+9.0+4.6+7.1

+6.7-1.2+7.9-2.5+9.3

+15.8-5.5+21.3-0.2+16.0

+48.6+4.3+44.4+31.7+17.0

UpDownMarket · Nifty Midcap 150Sector · Heavy Electrical Equipment peers, median of 30Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Thermax reported Q3 FY26 consolidated revenue of Rs 2,635 crore, up 4% YoY. Consolidated PAT jumped 80% to Rs 205 crore, aided by exceptional gains of Rs 59 crore (net) including reversal of a Rs 51 crore provision after a favorable court order. Order bookings surged 34% to Rs 3,080 crore; order book at Rs 12,641 crore. Standalone revenue grew 9% to Rs 1,599 crore with PAT up 70% at Rs 175 crore. Board approved a new step-down subsidiary in Dubai.

Likely market impact

Strong earnings growth and rising order momentum are positives for shareholders; profit inflated by exceptional court-related gains that may not repeat.