Thermax Limited has informed the Exchanges about the outcome of the Board Meeting held on May 7, 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 consolidated revenue from operations of Rs 10,694 crore for FY26, up 3.1% from Rs 10,369 crore in FY25. Profit before tax grew 14% to Rs 1,008 crore, while net profit increased 15% to Rs 720 crore. The board declared a total dividend of Rs 20 per share (including a special Rs 6 per share dividend marking the company's 60th anniversary), payable after shareholder approval. Statutory auditors issued an unmodified (clean) opinion on the financial results. Key operational highlights include segment performance with Industrial Products contributing Rs 5,096 crore and Industrial Infra contributing Rs 4,348 crore in revenue. The company also announced re-appointment of Dr. Ravi Shankar Gopinath as Independent Director and appointed Ms. Kavita Singh as Chief Human Resources Officer.
The 15% PAT growth and 1,000% dividend payout signal strong financial health and shareholder-friendly approach. Clean audit opinion removes any concerns about financial reporting quality.