Thermax, a prominent energy and environment solutions provider, saw its shares rise 14% to a record high of ₹4,759 on May 8, 2026, following a robust performance in the March quarter. The company reported a consolidated profit of ₹244 crore, an 18% increase from ₹206 crore in the same quarter last year, driven by improved results in the industrial products segment and reduced losses in industrial infrastructure. Revenue from operations reached ₹3,428 crore, marking a 13% rise from ₹3,046 crore in the previous year. As of March 31, 2026, the order balance stood at ₹13,604 crore, a 27% increase compared to the previous year, highlighting strong growth in the Industrial Products and Industrial Infra segments. Notably, Thermax secured a ₹1,600 crore contract for a boiler package for a thermal power plant in Central India and is capitalizing on new growth opportunities in the data center market, including a significant order for chillers in the U.S. For FY26, the company reported consolidated operating revenue of ₹10,694 crore, up 3% from the previous year, and a profit after tax of ₹720 crore, reflecting a 15% increase. The board has proposed a total dividend of ₹20 per share, subject to shareholder approval.