Thermax's Q1 FY 2025-26 Quarterly Results

Result Summary

• Thermax Ltd reported a 21.4% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 2.3%.
• Its expenses for the quarter were down by 22.0% QoQ and 4.9% YoY.
• The net profit decreased 19.3% QoQ and increased 38.4% YoY.
• The earnings per share (EPS) of Thermax Ltd stood at 13.5 during Q1 FY 2025-26.

Financial Statments for Q1 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Thermax Ltd is a prominent player in the energy and environment sector, providing solutions for heating, cooling, water and waste management, air pollution control, and chemicals. The company is well-regarded for its commitment to sustainability and innovation, offering a wide range of products and services that cater to the needs of industries across the globe. Thermax operates in diverse sectors, including power, oil and gas, chemicals, food and beverages, and pharmaceuticals, among others. The company focuses on delivering efficient and eco-friendly solutions, which positions it as a leader in its field. Recent major developments, if any, are not available from the provided data.

Revenue

For the first quarter of fiscal year 2026 (Q1FY26), Thermax Ltd reported a total income of ₹2215.81 crores. This represents a decrease of 21.4% compared to the previous quarter (Q4FY25), where the company achieved a total income of ₹2818.93 crores. On a year-over-year basis, the total income decreased by 2.3% from ₹2268.50 crores in Q1FY25. The significant quarter-over-quarter decline could be attributed to various factors that are not detailed in the provided data. The year-over-year comparison, however, shows a relatively smaller decline, indicating some stability over an annual period.

Profitability

The profitability of Thermax Ltd for Q1FY26 shows a profit before tax of ₹211.65 crores, down 15.6% from ₹250.71 crores in Q4FY25. However, compared to the same quarter in the previous year (Q1FY25), the profit before tax increased by 30.9% from ₹161.73 crores. The tax expense for Q1FY26 was ₹60.02 crores, a decrease of 5.2% from the previous quarter and an increase of 15.7% year-over-year. The profit after tax for this quarter stood at ₹151.45 crores, which is 19.3% lower than the previous quarter but shows a significant 38.4% increase from the previous year. The earnings per share also reflect these changes, with a decrease of 20.1% quarter-over-quarter and an increase of 31.1% year-over-year, reported at ₹13.50.

Operating Metrics

The total expenses for Thermax Ltd in Q1FY26 were ₹2004.16 crores, marking a 22.0% reduction from the previous quarter's expenses of ₹2568.22 crores. Compared to the same period last year, total expenses decreased by 4.9% from ₹2106.77 crores. This reduction in expenses on both a quarter-over-quarter and year-over-year basis may have contributed to the improvement in profit margins despite the decline in revenue. The calculations for key financial ratios such as P/E ratio, debt-to-equity ratio, and current ratio are not possible from the provided data, as specific figures for market capitalization, total liabilities, and current assets/liabilities are not included.