Thermax Limited — Board Meeting, 31-07-2025: Outcome of Board Meeting

Thermax has announced a board meeting. For Q1 FY26, consolidated revenue was Rs 2,150 crore (down 2% YoY). Net Profit surged 39% YoY to Rs 151 crore (PBT up 31% to Rs 211 crore), aided by a Rs 56 crore incentive.

On the operational front, order bookings climbed 7% to Rs 2,748 crore, with the order balance growing 7% to Rs 11,376 crore. Strategically, Thermax incorporated Fortmax Chemicals, boosted its stake in Thermax Bioenergy Solutions to 76.97%, and divested from Covacsis Technologies.