{"id":60431,"date":"2026-02-01T17:33:36","date_gmt":"2026-02-01T12:03:36","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=60431"},"modified":"2026-02-01T17:33:37","modified_gmt":"2026-02-01T12:03:37","slug":"thermax-q3-results-expectations","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/thermax-q3-results-expectations\/","title":{"rendered":"Thermax Gears Up for Q3 Reveal on 2nd February; Check Key Expectations Here"},"content":{"rendered":"<p><a href=\"https:\/\/univest.in\/user\/log-in\"><strong><em>Click and Sign Up to Get Live Updates on Q3 Results&nbsp;<\/em><\/strong><\/a><\/p><p>Thermax&#8217;s Q3 results FY26 are scheduled to be announced on 2nd February 2026. Financial analysts anticipate an increase in revenue due to higher sales and a significant rise in PAT.<\/p><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/thermax-q3-results-expectations\/#Thermax_Q3_Results_2026_Preview\" title=\"Thermax Q3 Results 2026 Preview\">Thermax Q3 Results 2026 Preview<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/thermax-q3-results-expectations\/#Thermax_Share_Performance\" title=\"Thermax Share Performance&nbsp;\">Thermax Share Performance&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/thermax-q3-results-expectations\/#Key_Factors_to_Watch_for_Thermax_Q3_Results_FY26\" title=\"Key Factors to Watch for Thermax Q3 Results FY26&nbsp;\">Key Factors to Watch for Thermax Q3 Results FY26&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/thermax-q3-results-expectations\/#Final_Thoughts\" title=\"Final Thoughts\">Final Thoughts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/thermax-q3-results-expectations\/#Recent_Articles\" title=\"Recent Articles\">Recent Articles<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Thermax_Q3_Results_2026_Preview\"><\/span>Thermax Q3 Results 2026 Preview<span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>Thermax&#8217; revenue is expected to be in the range of \u20b9115.90 crore, a 41.18% YoY increase.\u00a0<\/li>\n\n<li>Profit After Tax, or PAT, is projected to fall by 41.18% YoY.\u00a0<\/li>\n\n<li>Net profit is \u20b9115.90 crore, a fall 41.18% YoY\u00a0<\/li>\n\n<li>EBITDA to fall 3.98%<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Thermax_Share_Performance\"><\/span>Thermax Share Performance&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>Over the past six months, Thermax&#8217;s share price has fallen by 24.81% to \u20b9254.30.<\/li>\n\n<li>Moreover, over the past year, the stock has decreased by %.<\/li>\n\n<li>Despite this weak short-term performance, Thermax&#8217;s stock has delivered a financially sound 517.87% return over the past 5 years.<\/li>\n\n<li>As of 1st February 2026, the stock traded at \u20b9254.30 per share.<\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Key_Factors_to_Watch_for_Thermax_Q3_Results_FY26\"><\/span>Key Factors to Watch for Thermax Q3 Results FY26&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>Electric bus deliveries &amp; order execution: Look at number of electric buses delivered in the quarter and how efficiently the large order book (10,000+ buses) is being executed, as this directly drives revenue.<br><\/li>\n\n<li>Revenue &amp; segment mix: Monitor top-line growth from EV buses and contributions from other segments like insulators\/EV tippers, which can diversify earnings.<br><\/li>\n\n<li>Profitability &amp; margins: Watch EBITDA and net profit margins for signs of cost control or margin pressure, especially as capacity and volumes scale.<br><\/li>\n\n<li>Capacity ramp-up &amp; production guidance: Commentary on manufacturing capacity utilisation and expansion plans (e.g., plants scaling toward higher output targets) will impact future delivery capability.<br><\/li>\n\n<li>Order visibility &amp; tender wins: Updates on new government\/state transport orders and tender pipeline will influence future revenue visibility amid a demand-driven market.<br><\/li><\/ul><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2><p>Thermax will announce its Q3 FY26 results on 2nd February 2026. Analysts expect 3.01% YoY revenue growth, a 3.64% fall in PAT, and a 24.83% fall in EBITDA.&nbsp;<\/p><p><em>Disclaimer: Investment in the share market is subject to risk. This news article is for informational purposes only. Conduct your own research before investing in shares and other securities.<\/em><\/p><p><strong><em>Download the <\/em><\/strong><a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest iOS App<\/em><\/strong><\/a><strong><em> or <\/em><\/strong><a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\"><strong><em>Univest Android App<\/em><\/strong><\/a><strong><em> to get daily stock recommendations and insightful research pieces!<\/em><\/strong><\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Recent_Articles\"><\/span><strong>Recent Articles<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p><a href=\"https:\/\/univest.in\/blogs\/capital-small-finance-bank-q3-results-expectations\"><strong><em>Capital Small Finance Bank Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/carborundum-universal-q3-results-expectations\"><strong><em>Carborundum Universal Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/capri-global-capital-q3-results-expectations\"><strong><em>Capri Global Capital Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/digitide-solutions-q3-results-expectations\"><strong><em>Digitide Solutions Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/flair-writing-industries-q3-results-expectations\"><strong><em>Flair Writing Industries Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/ghcl-q3-results-expectations\"><strong><em>GHCL Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/apar-industries-q3-results-expectations\"><strong><em>Apar Industries Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/apollo-pipes-q3-results-expectations\"><strong><em>Apollo Pipes Gears Up for Q3 Reveal on 29th January; Check Key Expectations Here<\/em><\/strong><\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Click and Sign Up to Get Live Updates on Q3 Results&nbsp; Thermax&#8217;s Q3 results FY26 are scheduled to be announced on 2nd February 2026. Financial analysts anticipate an increase in revenue due to higher sales and a significant rise in PAT. Thermax Q3 Results 2026 Preview Thermax Share Performance&nbsp; Key Factors to Watch for Thermax<\/p>\n","protected":false},"author":23,"featured_media":60432,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3800,3801],"class_list":["post-60431","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q3-results","tag-q3-results-2026"],"metadata":{"_edit_lock":["1769947421:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["73"],"rank_math_title":["Thermax Q3 Results FY26 Preview: PAT to fall 41.18%"],"rank_math_description":["Thermax Q3 results FY26 Preview: PAT is expected to fall 41.18%, while we expect a 41.18% fall in Net Sales. Get detailed insights on quarterly results.  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