Thermax Limited has informed the Exchanges about the financial results for quarter and year ended March 31, 2026.
THERMAX · price
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Thermax Limited reported FY2026 consolidated revenue from operations of Rs 10,694 crore, up 3.1% year-over-year. Standalone net profit grew 41% to Rs 1,008 crore from Rs 713 crore, while consolidated net profit increased to Rs 947 crore from Rs 884 crore. The Board recommended a final dividend of Rs 14 per share plus a special dividend of Rs 6 per share (totaling Rs 20 per share, 1000%) to mark the company's 60th anniversary. Exceptional items included Rs 50.63 crore reversal from a favorable litigation outcome where the company recovered Rs 218.45 crore deposited earlier, partially offset by Rs 21 crore labor code impact. Statutory auditors issued an unmodified opinion. Several subsidiary changes occurred including acquisitions and mergers.
Strong standalone profit growth of 41% and favorable litigation outcome are positive signals for shareholders. The special dividend and higher regular dividend demonstrate management confidence. No going concern or audit qualification issues.