Heavy Electrical Equipment company Thermax announced Q2FY26 results Consolidated Financial Highlights: The company recorded a consolidated operating revenue of Rs 2,474 crore in Q2FY26, a 5% decrease as compared to Rs 2,616 crore in Q2FY25. The Company's consolidated profit after tax (PAT) is Rs 119 crore (Rs 198 crore ), a decrease of 40% over Q2FY25. The profit before tax (PBT) is Rs 174 crore (Rs 266 crore), down by 35%. The revenue and profit for Q2FY25 were positively impacted by an accrual of Rs 66 crore recognised as income towards incentives receivable under the Packaged Incentive Scheme (PSI), 2007, from the Government of Maharashtra. As of September 30, 2025, the order balance for the quarter was Rs 12,300 crore (Rs 11,593 crore), up by 6% from the Q2FY25. The order booking for the quarter stood at Rs 3,551 crore (Rs 3,353 crore), up by 6%. Standalone Financial Highlights: Thermax Limited posted an operating revenue of Rs 1,505 crore during the quarter, a 1% reduction as compared to Rs 1,523 crore in Q2FY25. The profit after tax for the quarter stood at Rs 226 crore (Rs 108 crore ), witnessing a growth of 109%. The profit for the quarter includes dividend income of Rs 141 crore received from one of the Company's wholly owned subsidiaries, and a cost provision of Rs 42 crore, mainly for one project. The order booking for the quarter was higher by 22% at Rs 1,991 crore (Rs 1,638 crore) as compared to Q2FY25. Order balance on September 30, 2025, stood at Rs 6,981 crore (Rs 6,424 crore), up by 9%. Result PDF