Thermax Limited has informed the Exchanges that the Board of Directors at their meeting held on May 7, 2026 has recommended the final dividend of Rs. 14/- per share and a special dividend ....
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 consolidated revenue of Rs. 10,694 crore, up ~3% 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 + Rs. 6 special) to commemorate the company's 60th anniversary, payable upon shareholder approval at the 45th AGM. Auditors issued an unmodified (clean) opinion on the financial statements. Key appointments include re-appointment of Dr. Ravi Shankar Gopinath as Independent Director and Ms. Kavita Singh as Chief Human Resources Officer. Notable exceptional items include Rs. 50.63 crore reversal of litigation provision (won arbitration case) and Rs. 21.04 crore charge due to new Labour Codes implementation.
The 14% profit growth and 20 per share dividend demonstrate strong financial health and shareholder-friendly policies. The clean audit opinion with no going concern issues or qualifications is positive for investor confidence.