Triveni Turbine Ltd is primarily engaged in business of manufacture and supply of power generating equipment and solutions. It was a division of Triveni Engineering & Industries Ltd since 1970s and was demerged w.e.f from Oct 2010 into a separate entity.
Q2 FY26 Earnings Results
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Revenue from Operations: ₹506.2 crore, up 36.3% QoQ from ₹371.3 crore in Q1 FY26, and up 1.0% YoY from ₹501.1 crore in Q2 FY25.
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EBITDA: ₹133 crore, EBITDA margin 26.3%, up from 19.8% in Q1 FY26.
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Profit Before Tax (PBT): ₹125 crore, up 0.4% YoY.
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Profit After Tax (PAT): ₹91.4 crore, up 41.9% QoQ from ₹64.5 crore, and up 0.4% YoY from ₹91.2 crore in Q2 FY25.
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PAT margin: 18.06% (expansion from 17.34% in Q1 FY26).
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EPS: ₹2.87, up 41.4% QoQ and 0.7% YoY.
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Record order booking: ₹652 crore, up 14% YoY, with order book at ₹22.2 billion (+24% YoY).
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Employee Costs: ₹53.1 crore (10.49% of revenue), indicating disciplined cost control.
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Robust domestic order booking, especially in renewable and industrial segments, reported.
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Margins at multi-year highs, driven by operational efficiency and lower input cost pressures.
Management Commentary & Strategic Decisions
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Chairman & MD Dhruv M Sawhney highlighted stable profitability and record order inflow, calling attention to robust domestic and export market traction despite muted YoY revenue.
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Management is focused on operational excellence, margin expansion, and disciplined cost management even with market volatility.
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Key Strategic Movements:
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Strengthening domestic leadership in industrial and renewable segments.
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Intensified focus on export markets amid delays in US order finalizations.
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Brownfield and greenfield expansion opportunities being actively evaluated to capture demand.
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Enhancing digitalization and service-led offerings for recurring revenue streams.
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Outlook remains positive with large order book, but caution on sustained low YoY revenue growth and working capital pressures. Management expects margin sustainability above 22%, order book momentum, and improved working capital efficiency to drive H2 FY26 recovery.
Q1 FY26 Earnings Results
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Revenue from Operations: ₹371.3 crore, down 19.9% YoY from ₹463.3 crore in Q1 FY25, and down 24% sequentially.
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EBITDA: ₹73.8 crore, EBITDA margin 19.8%, down from 20.6% YoY.
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Profit Before Tax (PBT): ₹80 crore, down 19.3% YoY.
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Profit After Tax (PAT): ₹64.5 crore, down 19.9% YoY from ₹80 crore.
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PAT margin: 17.34%, narrowed from 18.06% in prior quarter.
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EPS: ₹2.03, down from ₹2.52 in Q1 FY25.
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Weak quarter was attributed to delays in order finalization in export markets, competitive pricing pressure, and adverse working capital changes
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.