Thermax Q3 Results 2026 Highlights: Net Profit Surged by 76.17% & Revenue Up 4.19% YoY

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Thermax Q3 Results FY26: During Q3 FY26, Thermax’s profit increased 76.17% YoY, while revenue increased by 4.19% YoY. The company posted robust numbers, with Q3 PAT at ₹204.18 crores and revenue at ₹2,634.68 crores. Thermax showed its Q3 results on 2nd February 2026.  

Thermax Q3 Results FY26: Extracts of FY25 & FY26

Thermax Q3 Results FY26 Highlights (Q3 FY26 vs FY25)

• Thermax clocked Q3 FY26 consolidated revenue of ₹2,634.68 crores vs ₹2,528.72 crores. 
• On the profit front, Thermax earned a consolidated PAT of ₹204.18 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹115.90 crore.
• According to the consolidated figures, Thermax’s quarterly PAT increased by 76.17% YoY, while revenue increased by 4.19%.
• Thermax clocked Q3 FY26 standalone revenue of ₹1,599.01 crores vs ₹1,468.83 crores. 
• On the profit front, Thermax earned a standalone PAT of ₹175.48 crore in Q3 FY26. During FY25, the company’s PAT stood at ₹103.18 crore.
• According to the standalone figures, Thermax’s quarterly PAT increased by 70.07% YoY, while revenue increased by 8.68%.

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Thermax Share Price Performance 

On the opening bell on 5th February 2026, Thermax shares opened at ₹2,951.90 per share. However, the initial gains have since eroded, and Thermax’s shares are currently trading at ₹2,916.00 per share, which is lower than the opening price.    

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. 

What Analysts Expect Post Q3 Results?

Following Thermax’s robust Q3 results for FY26, analysts expect its share price to rise. According to analysts, the share price of Thermax could reach ₹3,100.00 per share in the coming year and, in a downturn, could hit ₹2,900.00 per share. However, one must ignore stock market volatility and invest in Thermax’s shares after thorough research. 

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.

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