{"id":61011,"date":"2026-02-06T13:39:57","date_gmt":"2026-02-06T08:09:57","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=61011"},"modified":"2026-02-06T13:39:59","modified_gmt":"2026-02-06T08:09:59","slug":"thermax-q3-results-2026","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/thermax-q3-results-2026\/","title":{"rendered":"Thermax Q3 Results 2026 Highlights: Net Profit Surged by 76.17% &#038; Revenue Up 4.19% YoY"},"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><strong>Thermax <\/strong><strong><em>Q3 Results FY26<\/em><\/strong>: During Q3 FY26, <a href=\"https:\/\/univest.in\/stocks\/thermax\/thermax-ltd-share-price-today\">Thermax&#8217;s<\/a> profit increased 76.17% YoY, while revenue increased by 4.19% YoY. The company posted robust numbers, with Q3 PAT at \u20b9204.18 crores and revenue at \u20b92,634.68 crores. Thermax showed its Q3 results on 2nd February 2026.&nbsp;&nbsp;<\/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-2026\/#Thermax_Q3_Results_FY26_Extracts_of_FY25_FY26\" title=\"Thermax Q3 Results FY26: Extracts of FY25 &amp; FY26\">Thermax Q3 Results FY26: Extracts of FY25 &amp; FY26<\/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-2026\/#Thermax_Q3_Results_FY26_Highlights_Q3_FY26_vs_FY25\" title=\"Thermax Q3 Results FY26 Highlights (Q3 FY26 vs FY25)\">Thermax Q3 Results FY26 Highlights (Q3 FY26 vs FY25)<\/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-2026\/#Thermax_Share_Price_Performance\" title=\"Thermax Share Price Performance&nbsp;\">Thermax Share Price Performance&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-2026\/#What_Analysts_Expect_Post_Q3_Results\" title=\"What Analysts Expect Post Q3 Results?\">What Analysts Expect Post Q3 Results?<\/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-2026\/#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_FY26_Extracts_of_FY25_FY26\"><\/span><strong>Thermax Q3 Results FY26: Extracts of FY25 &amp; FY26<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td><strong>Particulars<\/strong><\/td><td colspan=\"2\"><strong>Consolidated Figures<\/strong><\/td><td colspan=\"2\"><strong>Standalone Figures<\/strong><\/td><\/tr><tr><td><\/td><td><strong>31st Dec 2025<\/strong><\/td><td><strong>31st Dec 2024<\/strong><\/td><td><strong>31st Dec 2025<\/strong><\/td><td><strong>31st Dec 2024<\/strong><\/td><\/tr><tr><td><strong>Revenue from Operations<\/strong><\/td><td>\u20b92,634.68<\/td><td>\u20b92,528.72<\/td><td>\u20b91,599.01<\/td><td>\u20b91,468.83<\/td><\/tr><tr><td><strong>Profit Before Tax (PBT)<\/strong><\/td><td>\u20b9317.55<\/td><td>\u20b9220.50<\/td><td>\u20b9177.62<\/td><td>\u20b9151.31<\/td><\/tr><tr><td><strong>Profit After Tax (PAT)<\/strong><\/td><td>\u20b9204.18<\/td><td>\u20b9115.90<\/td><td>\u20b9175.48<\/td><td>\u20b9103.18<\/td><\/tr><\/tbody><\/table><\/figure><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Thermax_Q3_Results_FY26_Highlights_Q3_FY26_vs_FY25\"><\/span><strong>Thermax Q3 Results FY26 Highlights (Q3 FY26 vs FY25)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><ul class=\"wp-block-list\"><li>Thermax clocked Q3 FY26 consolidated revenue of \u20b92,634.68 crores vs \u20b92,528.72 crores.\u00a0<\/li>\n\n<li>On the profit front, Thermax earned a consolidated PAT of \u20b9204.18 crore in Q3 FY26. During FY25, the company\u2019s PAT stood at \u20b9115.90 crore.<\/li>\n\n<li>According to the consolidated figures, Thermax&#8217;s quarterly PAT increased by 76.17% YoY, while revenue increased by 4.19%.<\/li>\n\n<li>Thermax clocked Q3 FY26 standalone revenue of \u20b91,599.01 crores vs \u20b91,468.83 crores.\u00a0<\/li>\n\n<li>On the profit front, Thermax earned a standalone PAT of \u20b9175.48 crore in Q3 FY26. During FY25, the company\u2019s PAT stood at \u20b9103.18 crore.<\/li>\n\n<li>According to the standalone figures, Thermax&#8217;s quarterly PAT increased by 70.07% YoY, while revenue increased by 8.68%.<\/li><\/ul><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>&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Thermax_Share_Price_Performance\"><\/span><strong>Thermax Share Price Performance&nbsp;<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>On the opening bell on 5th February 2026, Thermax shares opened at \u20b92,951.90 per share. However, the initial gains have since eroded, and Thermax&#8217;s shares are currently trading at \u20b92,916.00 per share, which is lower than the opening price.&nbsp;&nbsp;&nbsp;&nbsp;<\/p><p>Considering the long-term performance, Thermax shares have yielded returns of approximately -18.02% over the past 6 months and -12.83% over the past 1 year. Over the maximum timeframe, Thermax shares delivered a 10,1113.66% return to investors.&nbsp;<\/p><h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_Analysts_Expect_Post_Q3_Results\"><\/span><strong>What Analysts Expect Post Q3 Results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2><p>Following Thermax&#8217;s robust Q3 results for FY26, analysts expect its share price to rise. According to analysts, the share price of Thermax could reach \u20b93,100.00 per share in the coming year and, in a downturn, could hit \u20b92,900.00 per share. However, one must ignore stock market volatility and invest in Thermax&#8217;s shares after thorough research.&nbsp;<\/p><p><strong><em>Disclaimer:<\/em><\/strong><em> 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><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\/astral-q3-results-expectations\">Astral Gears Up for Q3 Reveal on 5th February; Check Key Expectations Here<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/berger-paints-q3-results-expectations\">Berger Paints Gears Up for Q3 Reveal on 5th February; Check Key Expectations Here<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bharti-airtel-q3-results-expectations\">Bharti Airtel Gears Up for Q3 Reveal on 5th February; Check Key Expectations Here<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/bharti-hexacom-q3-results-expectations\">Bharti Hexacom Gears Up for Q3 Reveal on 5th February; Check Key Expectations Here<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/data-pattern-india-q3-results-expectations\">Data Pattern (India) Gears Up for Q3 Reveal on 5th February; Check Key Expectations Here<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/latent-view-analytics-q3-results-2026-highlights\">Latent View Analytics Q3 Results 2026 Highlights: Net Profit Rises by 19.68% &amp; Revenue Up 22.02% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/finolex-industries-q3-results-2026-2\">Finolex Industries Q3 Results 2026 Highlights: Net Profit Rises by 23.46% &amp; Revenue down 10.35% YoY<\/a><\/p><p><a href=\"https:\/\/univest.in\/blogs\/hyundai-motor-india-q3-results-2026\">Hyundai Motor India Q3 Results 2026 Highlights: Net Profit Rises by 6.35% &amp; Revenue Up 7.96% YoY<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Click and Sign Up to Get Live Updates on Q3 Results&nbsp; Thermax Q3 Results FY26: During Q3 FY26, Thermax&#8217;s profit increased 76.17% YoY, while revenue increased by 4.19% YoY. The company posted robust numbers, with Q3 PAT at \u20b9204.18 crores and revenue at \u20b92,634.68 crores. Thermax showed its Q3 results on 2nd February 2026.&nbsp;&nbsp; Thermax<\/p>\n","protected":false},"author":23,"featured_media":61012,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[842],"tags":[3800,3801],"class_list":["post-61011","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-q3-results","tag-q3-results-2026"],"metadata":{"_edit_lock":["1770365404:23"],"_last_editor_used_jetpack":["block-editor"],"rank_math_internal_links_processed":["1"],"rank_math_primary_category":["842"],"rank_math_seo_score":["77"],"rank_math_title":["Thermax Q3 Results 2026: Net Profit Surged 76.17% YoY"],"rank_math_description":["Discover the recent updates on Thermax Q3 results for FY26. Q3 profit rose 76.17% YoY to \u20b9204.18 crore, and revenue increased by 4.19% YoY. Learn more about the company's financials.\n"],"rank_math_focus_keyword":["Thermax Q3 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