THERMAX (THERMAX)
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Thermax shares fall 20% to 52-week low after Q2 results, JM Financial maintains sell
Thermax shares hit a 52-week low on Friday, falling close to 20 per cent following the company’s second-quarter results for FY27, as net profit attributable to equity shareholders declined compared with the year-ago period. The company reported a net profit of ₹114.54 crore in Q2FY27, down from ₹119.66 crore in Q2FY26. However, revenue from operations increased marginally to ₹2,755.87 crore during the quarter under review.
BSE Capital Goods index slips 4%; Thermax, Apar, Astral tank up to 20%
BSE Capital Goods index slips 4%; Thermax, Apar, Astral tank up to 20% At 12:24 PM on Friday, the BSE Capital Goods index was the top loser among sectoral indices down 3.3 per cent, while the BSE Sensex gained 0.84 per cent. Listen to This Article BSE Capital Goods index movement BSE Capital Goods index slipped 4 per cent to 68,566.49 in Friday’s intraday trade amid a sharp decline in stock prices of artificial intelligence (AI)-related stocks including Thermax, Apar Industries and Astral.
Thermax expects stronger growth from Q3 as order backlog converts into revenue - CNBC TV18
Thermax expects growth to pick up from the October-December quarter of 2026 (Q3FY27) as the order backlog begins translating into revenue, according to Ashish Bhandari, MD & CEO of Thermax. the second half looks especially strong, driven both by a very strong order outlook and a revenue backlog of very good quality. That jump and consistency you will start to see from the October-December quarter of 2026 (Q3FY27),” he said.
Thermax shares jump 7% on data center and biogas optimism
Thermax shares surged over 7% after Kotak Institutional Equities flagged upside from data center and biogas opportunities, with the stock also boosted by reports of a stake sale in its renewable energy arm. The rally lifted other capital goods stocks as Kotak upgraded the sector. Investors are now weighing the sustainability of the move amid renewed interest in energy transition plays.
Thermax targets 22% FY27 revenue growth on data-centre demand
Pune-based engineering major Thermax, which supplies industrial boilers, power equipment, cooling, and water-treatment solutions, could post about 22 per cent revenue growth in FY27, reaching nearly ₹13,000 crore from ₹10,694 crore last year, according to industry sources familiar with the company’s plans. The anticipated acceleration, driven by infrastructure investments, data-centre demand and exports, is backed by a ₹14,045-crore order book.