Thermax Limited has informed the Exchange that Record date for the purpose of Dividend is 03-Jul-2026.
THERMAX · price
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On the reaction day the stock moved 12.2 pts more than Nifty Midcap 150 and 13.3 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Thermax Limited reported audited FY2025-26 results with consolidated revenue from operations of Rs. 10,694 crore, up 3.1% from Rs. 10,369 crore in the previous year. Consolidated profit before tax grew 14% to Rs. 1,008 crore from Rs. 884 crore. The Board declared a total dividend of Rs. 20 per share (Rs. 14 final dividend plus Rs. 6 special dividend for 60th anniversary milestone), payable after shareholder approval at the 45th AGM with record date July 3, 2026. The company received a clean audit with unmodified opinion. Notable items include reversal of Rs. 50.63 crore litigation provision (favorable court decision) and Rs. 31.62 crore interest received. New labour codes impact was Rs. 21 crore (consolidated). The Board re-appointed Dr. Ravi Shankar Gopinath as Independent Director for 5 years and appointed Ms. Kavita Singh as Chief Human Resources Officer.
The 14% profit growth and 1,000% dividend payout demonstrate strong financial health and cash generation, which should be positive for shareholders. The special dividend underscores management confidence in the company's financial position despite modest revenue growth of 3%.