Thermax Limited — Others, 09-05-2025: Change in Director(s)

Thermax has announced a board meeting to approve the financial results for the quarter and half-year. Consolidated operating revenue for Q4 grew 12% to Rs. 3,085 Cr, with profit after tax (PAT) rising 10% to Rs. 206 Cr. Full-year revenue increased 11% to Rs. 10,389 Cr, while PAT dipped 2% to Rs. 627 Cr. Standalone Q4 revenue rose 13% to Rs. 1,972 Cr, with PAT more than doubling to Rs. 275 Cr, boosted by a Rs. 94 Cr impairment reversal. The consolidated order book is Rs. 10,693 Cr. A dividend of Rs. 14 per share has been proposed. Leadership updates include appointing Mr. Harsh Mariwala as Lead Independent Director and reappointing Mr. Ashish Bhandari as MD & CEO. The company made a Rs. 218 Cr provision related to an ongoing legal dispute, which has a court stay.