Reported Consolidated quarterly numbers for Thermax are:
Net Sales at Rs 2,473.90 crore in September 2025 down 5.27% from Rs. 2,611.59 crore in September 2024.
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Quarterly Net Profit at Rs. 119.66 crore in September 2025 down 39.27% from Rs. 197.03 crore in September 2024.
EBITDA stands at Rs. 257.44 crore in September 2025 down 23.78% from Rs. 337.74 crore in September 2024.
Thermax EPS has decreased to Rs. 10.62 in September 2025 from Rs. 17.49 in September 2024.
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Thermax shares closed at 2,943.40 on November 17, 2025 (NSE) and has given -16.21% returns over the last 6 months and -39.43% over the last 12 months.
| Thermax | | Consolidated Quarterly Results | in Rs. Cr. |
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| Sep'25 | Jun'25 | Sep'24 | | Net Sales/Income from operations | 2,473.90 | 2,150.18 | 2,611.59 | | Other Operating Income | -- | -- | -- | | Total Income From Operations | 2,473.90 | 2,150.18 | 2,611.59 | | EXPENDITURE | | Consumption of Raw Materials | 1,335.55 | 1,022.07 | 1,395.91 | | Purchase of Traded Goods | 47.81 | 42.22 | 43.59 | | Increase/Decrease in Stocks | -73.54 | -3.93 | 0.95 | | Power & Fuel | -- | -- | -- | | Employees Cost | 340.50 | 329.02 | 322.90 | | Depreciation | 51.47 | 48.88 | 42.07 | | Excise Duty | -- | -- | -- | | Admin. And Selling Expenses | -- | -- | -- | | R & D Expenses | -- | -- | -- | | Provisions And Contingencies | -- | -- | -- | | Exp. Capitalised | -- | -- | -- | | Other Expenses | 651.55 | 535.70 | 570.27 | | P/L Before Other Inc., Int., Excpt. Items & Tax | 120.56 | 176.22 | 235.90 | | Other Income | 85.41 | 65.63 | 59.77 | | P/L Before Int., Excpt. Items & Tax | 205.97 | 241.85 | 295.67 | | Interest | 32.17 | 30.20 | 29.39 | | P/L Before Exceptional Items & Tax | 173.80 | 211.65 | 266.28 | | Exceptional Items | -- | -- | -- | | P/L Before Tax | 173.80 | 211.65 | 266.28 | | Tax | 54.27 | 60.02 | 68.25 | | P/L After Tax from Ordinary Activities | 119.53 | 151.63 | 198.03 | | Prior Year Adjustments | -- | -- | -- | | Extra Ordinary Items | -- | -- | -- | | Net Profit/(Loss) For the Period | 119.53 | 151.63 | 198.03 | | Minority Interest | 0.26 | 0.93 | -0.97 | | Share Of P/L Of Associates | -0.13 | -0.18 | -0.03 | | Net P/L After M.I & Associates | 119.66 | 152.38 | 197.03 | | Equity Share Capital | 22.53 | 22.53 | 22.53 | | Reserves Excluding Revaluation Reserves | -- | -- | -- | | Equity Dividend Rate (%) | -- | -- | -- | | EPS Before Extra Ordinary | | Basic EPS | 10.62 | 13.53 | 17.49 | | Diluted EPS | 10.62 | 13.52 | 17.49 | | EPS After Extra Ordinary | | Basic EPS | 10.62 | 13.53 | 17.49 | | Diluted EPS | 10.62 | 13.52 | 17.49 | | Public Share Holding | | No Of Shares (Crores) | -- | -- | -- | | Share Holding (%) | -- | -- | -- | | Promoters and Promoter Group Shareholding | | a) Pledged/Encumbered | | - Number of shares (Crores) | -- | -- | -- | | - Per. of shares (as a % of the total sh. of prom. and promoter group) | -- | -- | -- | | - Per. of shares (as a % of the total Share Cap. of the company) | -- | -- | -- | | b) Non-encumbered | | - Number of shares (Crores) | -- | -- | -- | | - Per. of shares (as a % of the total sh. of prom. and promoter group) | -- | -- | -- | | - Per. of shares (as a % of the total Share Cap. of the company) | -- | -- | -- | | Source : Dion Global Solutions Limited |
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