Q4 FY26Published 08 May 2026Call held 08 May 2026
THERMAX Q4 FY26 Earnings Call Transcript & Analysis
Q4 FY26 revenue and execution were better than prior quarters.
Read full transcript & analysis
Earnings calls
Thermax Limited concall ledger
Every earnings call for THERMAX — management tone, guidance, KPIs and promise tracking, quarter by quarter.
THERMAX · 5 transcripts · Capital Goods · latest Q4 FY26Thermax Limited has 5 earnings calls on record here, a Capital Goods company, most recently Q4 FY26. Each quarter is scored on revenue, margins, guidance delivery and the questions management left unanswered — so the gap between what was promised and what was delivered is easy to read.
Q3 FY26Published 05 Feb 2026Call held 05 Feb 2026
THERMAX Q3 FY26 Earnings Call Transcript & Analysis
FY26 YTD Revenue Growth1%
FY26 YTD Revenue Growth 1%. Q3 international order inflow exceeded INR 1,400 crores.
Read full transcript & analysisQ2 FY26Published 12 Nov 2025Call held 12 Nov 2025
THERMAX Q2 FY26 Earnings Call Transcript & Analysis
Management declared Q2 FY26 a 'kitchen sink' quarter due to project-related hits.
Read full transcript & analysisQ1 FY26Published 01 Aug 2025Call held 01 Aug 2025
THERMAX Q1 FY26 Earnings Call Transcript & Analysis
Revenue Growth-0.02 yoy−2% YoYUnderlying Margin Improvement0.012 yoy+1% YoYChemicals EBIT Margin9.3%Chemicals EBIT Margin17.8%Incentive Impact₹56 cr
Revenue Growth -0.02 yoy (−2% YoY); Underlying Margin Improvement 0.012 yoy (+1% YoY); Chemicals EBIT Margin (Q1 FY26) 9.3%. Revenue was flat, showing a negative 2% year-on-year growth.
Read full transcript & analysisQ4 FY25Published 12 May 2025Call held 12 May 2025
THERMAX Q4 FY25 Earnings Call Transcript & Analysis
Revenue₹3,000 cr
Revenue ₹3,000 cr. Achieved INR 3,000 crores in revenue for Q4 FY25.
Read full transcript & analysis