Thermax Limited (BOM:500411)
India
· Delayed Price · Currency is INR 3,159.35
+88.80 (2.89%)
At close: Mar 6, 2026
Thermax Income Statement
Financials in millions INR. Fiscal year is April - March.
Millions INR. Fiscal year is Apr - Mar.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Mar '25 Mar 31, 2025 | Mar '24 Mar 31, 2024 | Mar '23 Mar 31, 2023 | Mar '22 Mar 31, 2022 | Mar '21 Mar 31, 2021 | 2020 - 2016 |
| Revenue | 103,319 | 103,887 | 93,235 | 80,898 | 61,283 | 47,913 | Upgrade
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| Revenue Growth (YoY) | 2.63% | 11.43% | 15.25% | 32.01% | 27.91% | -16.40% | Upgrade
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| Cost of Revenue | 54,738 | 58,135 | 52,196 | 46,247 | 34,850 | 25,386 | Upgrade
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| Gross Profit | 48,582 | 45,752 | 41,039 | 34,651 | 26,433 | 22,526 | Upgrade
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| Selling, General & Admin | 13,915 | 12,987 | 11,743 | 9,568 | 8,151 | 7,611 | Upgrade
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| Other Operating Expenses | 25,109 | 23,646 | 21,304 | 19,070 | 14,048 | 11,355 | Upgrade
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| Operating Expenses | 41,014 | 38,218 | 34,400 | 29,806 | 23,331 | 20,111 | Upgrade
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| Operating Income | 7,568 | 7,534 | 6,639 | 4,846 | 3,102 | 2,415 | Upgrade
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| Interest Expense | -1,124 | -1,013 | -737.7 | -252.1 | -134.7 | -117.5 | Upgrade
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| Interest & Investment Income | 938.2 | 938.2 | 912.1 | 713 | 590.4 | 777.5 | Upgrade
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| Earnings From Equity Investments | 2.9 | -2.4 | -8.2 | -2.3 | 1.3 | - | Upgrade
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| Other Non Operating Income (Expenses) | 1,708 | 1,324 | 1,121 | 600.3 | 276.2 | 126.5 | Upgrade
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| EBT Excluding Unusual Items | 9,094 | 8,782 | 7,927 | 5,905 | 3,835 | 3,202 | Upgrade
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| Merger & Restructuring Charges | -6.9 | -6.9 | - | - | - | -196.5 | Upgrade
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| Impairment of Goodwill | - | - | - | - | - | -328.8 | Upgrade
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| Gain (Loss) on Sale of Assets | -26.3 | -26.3 | -8.8 | -37.9 | 76.4 | -7.6 | Upgrade
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| Asset Writedown | - | - | -128.1 | - | - | - | Upgrade
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| Legal Settlements | 506.3 | - | -506.3 | - | - | - | Upgrade
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| Other Unusual Items | 177.6 | 96.4 | 1,406 | 164 | 189.9 | 83.2 | Upgrade
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| Pretax Income | 9,745 | 8,845 | 8,690 | 6,031 | 4,101 | 2,752 | Upgrade
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| Income Tax Expense | 2,930 | 2,578 | 2,258 | 1,524 | 977.9 | 686.1 | Upgrade
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| Earnings From Continuing Operations | 6,814 | 6,267 | 6,432 | 4,507 | 3,123 | 2,066 | Upgrade
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| Minority Interest in Earnings | 5.4 | 77.7 | 20.9 | -4.1 | - | - | Upgrade
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| Net Income | 6,820 | 6,345 | 6,453 | 4,503 | 3,123 | 2,066 | Upgrade
|
| Net Income to Common | 6,820 | 6,345 | 6,453 | 4,503 | 3,123 | 2,066 | Upgrade
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| Net Income Growth | 10.16% | -1.68% | 43.30% | 44.18% | 51.18% | -2.76% | Upgrade
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| Shares Outstanding (Basic) | 113 | 113 | 113 | 113 | 113 | 113 | Upgrade
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| Shares Outstanding (Diluted) | 113 | 113 | 113 | 113 | 113 | 113 | Upgrade
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| Shares Change (YoY) | -0.03% | 0.01% | 0.02% | - | 0.02% | - | Upgrade
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| EPS (Basic) | 60.54 | 56.33 | 57.30 | 39.98 | 27.73 | 18.34 | Upgrade
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| EPS (Diluted) | 60.52 | 56.31 | 57.28 | 39.98 | 27.73 | 18.34 | Upgrade
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| EPS Growth | 10.18% | -1.69% | 43.27% | 44.18% | 51.17% | -2.76% | Upgrade
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| Free Cash Flow | - | 1,401 | -5,966 | -2,047 | 2,409 | 6,861 | Upgrade
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| Free Cash Flow Per Share | - | 12.44 | -52.96 | -18.17 | 21.39 | 60.92 | Upgrade
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| Dividend Per Share | - | 14.000 | 12.000 | 10.000 | 9.000 | 7.000 | Upgrade
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| Dividend Growth | - | 16.67% | 20.00% | 11.11% | 28.57% | - | Upgrade
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| Gross Margin | 47.02% | 44.04% | 44.02% | 42.83% | 43.13% | 47.02% | Upgrade
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| Operating Margin | 7.32% | 7.25% | 7.12% | 5.99% | 5.06% | 5.04% | Upgrade
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| Profit Margin | 6.60% | 6.11% | 6.92% | 5.57% | 5.10% | 4.31% | Upgrade
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| Free Cash Flow Margin | - | 1.35% | -6.40% | -2.53% | 3.93% | 14.32% | Upgrade
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| EBITDA | 9,144 | 8,954 | 7,851 | 5,862 | 4,085 | 3,424 | Upgrade
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| EBITDA Margin | 8.85% | 8.62% | 8.42% | 7.25% | 6.67% | 7.15% | Upgrade
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| D&A For EBITDA | 1,576 | 1,420 | 1,212 | 1,016 | 983 | 1,009 | Upgrade
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| EBIT | 7,568 | 7,534 | 6,639 | 4,846 | 3,102 | 2,415 | Upgrade
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| EBIT Margin | 7.32% | 7.25% | 7.12% | 5.99% | 5.06% | 5.04% | Upgrade
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| Effective Tax Rate | 30.07% | 29.14% | 25.98% | 25.26% | 23.84% | 24.93% | Upgrade
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| Revenue as Reported | 106,226 | 106,409 | 95,560 | 82,500 | 62,553 | 48,990 | Upgrade
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Source: S&P Capital IQ. Standard template. Financial Sources.