Thermax Q1 FY27 Results (NSE: THERMAX)

· Analysis by Alpha Inflection

Signal: Margin pressure

Thermax Q1 FY27 key financials
MetricValueYoYQoQ
Revenue₹2,302.73 Cr+6.7%-32.8%
Net profit₹44 Cr-70.9%
EPS₹3.69-71.1%
EBIT margin1.8%

P&L walk

Revenue grew 6.7% YoY but operating profit collapsed as Industrial Infra swung to a ₹71 Cr loss and Green Solutions loss tripled, driving segment result to near zero; exceptional gain and higher other income partially cushioned the blow.

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