Thermax's Q3 Comeback: Management Expects Order Growth To Beat Last Year's Strong Performance
ET Now · 06 Nov 2026 · 6 min
Management interview of Thermax Ltd (THERMAX), with 1 key numbers discussed.
- Ashish, Management, Thermax Ltd
Thermax addressed supply chain issues, international freight challenges, and delayed customer projects that caused revenue and order delays in Q2. Management expects industrial product orders to bounce back in Q3, supported by strong underlying demand. The company is confident of surpassing last year's strong order performance in FY27. Despite double-digit increases in raw material costs, price increases have already been implemented across products, with margins expected to recover as international orders clear inventory.