Thermax Limited — Board Meeting, 09-05-2025: Outcome of Board Meeting

Thermax has announced a board meeting on May 9, 2025, approving the financial results for the quarter and year ended March 31, 2025. Consolidated revenue climbed 11% to Rs. 10,389 Cr, with PAT at Rs. 627 Cr, down 2% YoY. Q4 saw consolidated revenue up 12% to Rs. 3,085 Cr and PAT rising 10% to Rs. 206 Cr. Standalone Q4 revenue grew 13% to Rs. 1,972 Cr, with PAT surging 113% to Rs. 275 Cr, aided by a Rs. 94 Cr reversal of impairment. The order book expanded 6% YoY to Rs. 10,693 Cr. A 700% dividend (Rs. 14/share) was approved. Leadership updates include appointing Harsh Mariwala as Lead Independent Director and re-appointing Ashish Bhandari as MD & CEO for five years.