Thermax Q2 FY26: Revenue down 5%, PAT falls 40% to Rs 119 cr
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 4.4 pts less than Nifty Midcap 150 and 4.5 pts less 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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Board approved Q2/H1 FY26 results on Nov 11. Consolidated Q2 revenue fell 5% YoY to Rs 2,474 cr; PAT dropped 40% to Rs 119 cr on Rs 42 cr extra cost provisions in Industrial Infra. PBT down 35% at Rs 174 cr. H1 revenue Rs 4,631 cr. Standalone PAT jumped 109% to Rs 226 cr, aided by Rs 141 cr dividend from subsidiary. Order book grew 6% to Rs 12,300 cr.
Weak consolidated profits from project cost overruns, but 6% order book growth and 109% standalone PAT rise offer some support.