Thermax Limited has informed the Exchange that the Board of Directors at its meeting held on May 07, 2026, recommended Final Dividend of Rs. 14 and a Special Dividend of Rs. 6 per equity share aggregating to Rs. 20/- per share.
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's Board approved FY2025-26 audited financial results showing consolidated revenue of Rs. 10,694 crore, up from Rs. 10,369 crore last year. Net profit before tax stood at Rs. 1,008 crore versus Rs. 884 crore in the previous year. The company declared a total dividend of Rs. 20 per share - a final dividend of Rs. 14 plus a special dividend of Rs. 6 to mark its 60th anniversary. The record date for dividend eligibility is July 3, 2026, with payment subject to shareholder approval at the AGM. The Board also approved key leadership appointments.
The increased dividend payout signals strong financial health and cash generation. This positive earnings beat and enhanced shareholder returns should support investor confidence in the stock.