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Informist, Tuesday, Aug. 11, 2026

 

--CONTEXT: Comments by Triveni Turbine mgmt in post-earnings analyst call

--Triveni Turbine: Optimistic of growth in PAT, revenue for FY27

--Triveni Turbine: Execution of export orders deferred by clients in Q1

--Triveni Turbine: Delay in order execution, mainly exports, hit Q1 margins

--Triveni Turbine: Direct enquiries in domestic markets down

--Triveni Turbine: Looking at oil, gas business opportunity beyond West Asia

--Triveni Turbine: Looking at opportunities in Americas, Europe

 

By Sunil Raghu and Astha Oriel

 

AHMEDABAD/NEW DELHI – Triveni Turbine Ltd. is optimistic of growth in both its net profit and revenue in 2026-27 (Apr-Mar) with a recovery in revenue and profitability in the second half of the year, a senior company official said Tuesday. 

 

Speaking with analysts in post-earnings conference call, the official said that the optimism remains intact despite the June quarter witnessing a contraction in margins and deferment of orders by clients into subsequent quarters. High logistics and freight costs, amid geopolitical tensions in West Asia led some customers to defer export deliveries by one to two quarters, while domestic demand also remained subdued.

 

The power equipment maker reported a consolidated net profit of INR 511 million for the June quarter, down 21% from INR 645 million a year ago. The company's revenue from operations rose 19% on year to INR 4.43 billion from INR 3.71 billion. The consolidated earnings before interest, tax, depreciation, and amortisation for the June quarter fell 17% on year to INR 797 million. The EBITDA margin contracted to 18.0% from 25.8% a year ago. 

 

The official said margins during the quarter were impacted by an unfavorable mix, price escalation, and the delivery phasing of some strategic orders. However, the official stated that the company remained optimistic about growth in margins.

 

The company's consolidated order bookings rose 6% on year to INR 5.68 billion in the June quarter. Export order bookings rose 53% to INR 3.84 billion. Domestic order bookings declined 35% to INR 1.84 billion. The company's closing order book was INR 21.8 billion as of Jun. 30, up 5% on year. Export orders accounted for 57% of the closing order book. 

 

The company official said that though the company has seen domestic enquiries softening in the June quarter, the management did not see it as a major concern, given the long gestation period of the business. Domestic orders typically take six to 12 months to convert, while US enquiries typically take longer than 12 months.

 

The company official said that among exports markets, the US and Southeast Asia remained stronger, with North Africa, parts of Asia and India a tad depressed. The official said US aftermarket operations are expected to break even in FY27, as enquiry traction improves.

 

Triveni Turbine sees significant opportunities from data centres, where long lead times for gas turbines are encouraging customers to consider conventional steam-turbine and combined-cycle solutions. The company also sees potential in small modular reactors, geothermal, biomass, waste-to-energy and refurbishment of rotating equipment. The company officials also reiterated their medium- to long-term aspiration of maintaining profit before tax margin above 20%. "The only way to overcome (geopolitical volatility) is by order booking," an official said, highlighting the company's strategy of expanding its product portfolio and geographies to build a larger and more diversified order book. 

 

At 1441 IST, shares of the company traded nearly 6% lower at INR 600.40 on the National Stock Exchange.  End

 

Edited by Avishek Dutta

 

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