Thermax Limited reported earnings results for the first quarter ended June 30, 2025. For the first quarter, the company reported sales was INR 21,501.8 million compared to INR 21,844.1 million a year ago. Revenue was INR 22,158.1 million compared to INR 22,685 million a year ago.

Net income was INR 1,523.8 million compared to INR 1,158.1 million a year ago. Basic earnings per share from continuing operations was INR 13.53 compared to INR 10.28 a year ago. Diluted earnings per share from continuing operations was INR 13.52 compared to INR 10.28 a year ago.