19 Nov 2025 | 5 Mins Read
Thermax September 2025 net sales down 5.27% Y-o-Y at Rs 2,473.90 crore
Flipitmoney
Thermax reported a 5.27% decline in net sales to Rs 2,473.90 crore in September 2025, down from Rs 2,611.59 crore in September 2024. Net profit decreased by 39.27% to Rs 119.66 crore, with EBITDA down 23.78% to Rs 257.44 crore. Thermax shares closed at Rs 2,943.40 on November 17, 2025, with a 6-month return of -16.21% and a 12-month return of -39.43%.