Shares of Thermax Restricted surged to a 52-week excessive of Rs 4,659 on the BSE on 8 Might, climbing 12% after the corporate delivered a robust set of outcomes for the quarter ended March 2026. The earnings print, headlined by a large order influx surge, drove heavy institutional curiosity from the opening bell.
Income for Q4FY26 rose 12.5% year-on-year to Rs 3,428 crore, in opposition to Rs 3,046 crore in the identical quarter final 12 months. Consolidated PAT climbed 18% to Rs 244 crore from Rs 206 crore a 12 months in the past. The standout quantity was order inflows, which surged 112% to Rs 4,490 crore, lifting the whole order e book to Rs 13,604 crore, up 27% year-on-year.
A single contract drove a big chunk of that influx determine. Thermax’s wholly owned subsidiary, Thermax Babcock & Wilcox Vitality Options Restricted (TBWES), secured a boiler bundle provide contract price roughly Rs 1,600 crore for a 1×800 MW ultra-supercritical thermal energy plant in Central India from a number one thermal energy venture firm. Industrial Merchandise additionally contributed, with phase inflows rising 60% on stronger efficiency throughout Heating, Cooling and Water & Waste Options companies.
For the total 12 months FY26, income stood at Rs 10,694 crore, up 3% year-on-year, whereas PAT grew 15% to Rs 720 crore. Full-year order inflows rose 34% to Rs 13,871 crore, signalling sturdy demand visibility heading into FY27. The board beneficial a dividend of Rs 14 per share for FY26 and, marking the corporate’s sixtieth anniversary, declared a particular dividend of Rs 6 per share.
At 11:13 am on the BSE, Thermax shares have been buying and selling at Rs 4,610.60, up 10.23%, not far off the session excessive. Previously one month, the inventory has rallied 38%, bouncing 66% from its three-month low of Rs 2,744.20 touched in February 2026.
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