New Delhi, May 8 -- Shares of Thermax, a leading energy and environment solutions provider, gained 14% in Friday's trade, 8 May, to reach a fresh record high of Rs.4,759 apiece after the company posted a better-than-expected performance for the March quarter.

The company on Thursday reported an 18% jump in consolidated profit to Rs.244 crore, compared to Rs.206 crore in the year-ago quarter, aided by improved performance in the industrial products segment and reduced losses in industrial infra.

Revenue from operations came in at Rs.3,428 crore, marking a 13% increase compared to Rs.3,046 crore in the corresponding quarter of the previous fiscal year.

As of March 31, 2026, the order balance stood at Rs.13,604 crore, compared to Rs.10,69...