Net profit of Thermax declined 39.27% to Rs 119.66 crore in the quarter ended September 2025 as against Rs 197.03 crore during the previous quarter ended September 2024. Sales declined 5.42% to Rs 2473.90 crore in the quarter ended September 2025 as against Rs 2615.69 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales2473.902615.69 -5 OPM %6.9510.63 - PBDT225.14308.32 -27 PBT173.67266.25 -35 NP119.66197.03 -39 Powered by Capital Market - Live News

Thermax will hold a meeting of the Board of Directors of the Company on 11 November 2025.Powered by Capital Market - Live News

Thermax has completed the acquisition of 23.03% of shareholding in Thermax Bioenergy Solutions. Accordingly, Thermax Bioenergy Solutions has become wholly owned subsidiary of the company. Powered by Capital Market - Live News

Thermax has announced a strategic partnership with HydrogenPro, a leader within green hydrogen technology and systems, for alkaline electrolysers. As part of the technology licensing and agreement for supply of stacks, including any future upgrades and technical support from HydrogenPro, Thermax will have exclusive rights in India for the supply, installation, commissioning, and after-sales services of alkaline electrolyser systems based on HydrogenPro`s technology, which will be effective immediately and available for deployment in ongoing Indian green hydrogen projects. HydrogenPro brings world-class, proven electrolyser technology that fully complies with international standards and certifications. HydrogenPro`s in-house expertise in advanced electrode development and coating serves as a key enabler for delivering high-efficiency systems.Through a comprehensive technology transfer, Thermax will engineer and manufacture key systems and balance-of-plant components of the electrolyser for integration with stacks. Additionally, Thermax and HydrogenPro will collaborate on the joint development of advanced solutions to meet evolving market needs. As a significant first step, a state-of-the art test station for short stacks will be established at Thermax`s facility in Pune.Powered by Capital Market - Live News

Net profit of Thermax rose 31.58% to Rs 152.38 crore in the quarter ended June 2025 as against Rs 115.81 crore during the previous quarter ended June 2024. Sales declined 1.57% to Rs 2150.18 crore in the quarter ended June 2025 as against Rs 2184.41 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales2150.182184.41 -2 OPM %10.466.44 - PBDT260.35197.34 32 PBT211.47161.31 31 NP152.38115.81 32 Powered by Capital Market - Live News