Thermax Q1 FY27: PAT falls 85% on Rs 91 cr project cost overrun, order book up 23%
THERMAX · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.7 pts more than Nifty Midcap 150 and in line with 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 Q1 FY27 consolidated revenue rose 7% to Rs 2,303 cr; PAT fell 85% to Rs 22 cr due to a Rs 91 cr cost overrun on one Industrial Infra project. PBT dropped 80% to Rs 42 cr. Order balance grew 23% to Rs 14,045 cr. Standalone posted a loss of Rs 18 cr vs profit of Rs 47 cr. Board approved merger of Thermax Cooling Solutions and demerger of Bio-CNG EPC business into Thermax; no change in shareholding.
Sharp profit fall on one project cost overrun hurts near-term earnings; order book up 23% signals future revenue; restructuring has no shareholding impact.