Triveni Turbine Releases Q4 & FY26 Earnings Call Transcript
Triveni Turbine reported FY26 turnover of ₹21.81 billion (2181 crore), up 9%, with exports at 58% of revenue. Q4 FY26 revenue grew 26% to ₹6.8 billion (680 crore). Order booking in Q4 FY26 was ₹7.54 billion (754 crore), up 19%. The closing order book stands at ₹20.54 billion (2054 crore), up 8%. The company sees strong enquiry pipeline growth, especially in the US market.
The announcement provides a comprehensive update on financial performance, including record revenues and strong order book growth, along with strategic insights into market expansion and new product segments. This level of detail and positive outlook significantly impacts investor perception and strategic decision-making.
The company reported record annual and quarterly revenues, significant growth in export sales, and a robust increase in order booking and the overall order book. The expansion into new segments like geothermal and strong enquiry pipeline growth, particularly in the US market, indicate positive future prospects.
Triveni Turbine Limited has released the transcript of its earnings conference call held on May 19, 2026, covering the standalone and consolidated audited financial results for the fourth quarter and full financial year ended March 31, 2026. The company reported its highest ever annual turnover of ₹21.81 billion (2181 crore), marking a 9% growth over FY25, with export revenue significantly contributing 58% of the total revenue, up from 48% in the previous year.
Operationally, EBITDA stood at ₹5.27 billion (527 crore) with margins of 24.2%. Profit after tax saw a 3% decline, primarily due to an exceptional charge of ₹157 million (15.7 crore) related to employee benefit obligations under the new wage code.
The fourth quarter of FY26 was strong, with record revenue of ₹6.8 billion (680 crore), a 26% year-on-year growth. Exports formed 60% of the quarterly revenue, growing by 46% year-on-year. However, margin compression in Q4 was attributed to a change in segmental mix, a mark-to-market loss of over ₹8.5 crore, and a lower Aftermarket share.
Order booking for Q4 FY26 grew by 19% year-on-year to ₹7.54 billion (754 crore), with export orders reaching a record ₹5.16 billion (516 crore), contributing 69% of total order booking. The closing order book for FY26 increased by 8% year-on-year to ₹20.54 billion (2054 crore), with export orders accounting for 51%.
The company highlighted its entry into the geothermal products segment and a significant increase in its enquiry pipeline, which has nearly doubled over the past year. The US market is showing substantial traction, with enquiry generation in North America increasing by nearly 1000%, driven by demand in data centres, combined cycle plants, biomass, pulp and paper, and geothermal applications. Triveni Turbine is optimistic about future growth, anticipating continued demand across various sectors including thermal power generation, steel, cement, and renewable energy applications.
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Triveni Turbine Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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