Triveni Turbine Reports Marginal Q2 FY26 Growth, Record Order Booking, and Strategic Acquisition
Triveni Turbine announced Q2 FY26 consolidated revenue of ₹506.2 crore and PAT of ₹91.4 crore. It reported record order bookings and an all-time high outstanding order book, alongside a strategic acquisition of TSE Engineering.
The announcement includes Q2 and H1 financial results, record order booking figures which indicate future revenue visibility, and a strategic acquisition that simplifies group structure and enhances operational control. These factors are significant for investor perception and the company's long-term prospects.
Despite marginal growth in some Q2 FY26 metrics and declines in H1 FY26, the announcement highlights record order bookings (up 14% y-o-y in Q2), an all-time high outstanding order book (up 24% y-o-y), strong domestic demand, robust aftermarket performance, and a strategic acquisition to consolidate ownership. The management also expressed confidence in future growth.
Triveni Turbine Limited (TRITURBINE) announced its consolidated financial performance for the second quarter and half year ended September 30, 2025, alongside an Investor Presentation. * Q2 FY26 Key Highlights (Consolidated): * Revenue from operations stood at ₹506.2 crore, a marginal increase of 1% year-on-year. * EBITDA was ₹133 crore, up 1.5% year-on-year, with EBITDA margins at 26.3% (an increase of approximately 20 basis points). * Profit Before Tax (PBT) reached ₹124.6 crore, a 0.4% rise year-on-year. * Profit After Tax (PAT) was ₹91.4 crore, increasing 0.4% year-on-year. * The company achieved a record order booking of ₹652.3 crore during the quarter, a 14% increase year-on-year, largely driven by robust domestic orders which grew 52% year-on-year to ₹406.8 crore. * The outstanding carry forward order book as of September 30, 2025, reached a record ₹2,219.7 crore, up 24% year-on-year. * Investments including Cash were ₹978 crore. * H1 FY26 Performance (Consolidated): * Revenue from operations declined by 9% year-on-year to ₹877.5 crore. * EBITDA decreased by 7% year-on-year to ₹228.8 crore. * PAT declined by 9.1% year-on-year to ₹155.8 crore. * Total order booking was ₹1,187.8 crore, a decline of 2% year-on-year, but domestic order booking was a record ₹691.8 crore, an increase of 43% year-on-year. * Management Commentary by Mr. Dhruv M. Sawhney, Chairman and Managing Director: * Q2 FY26 showed marginal improvements across Revenue, EBITDA, and PAT. * The record order booking and all-time high closing order book underscore the company’s strong market position and sustained growth trajectory. * The Aftermarket business also reported record order booking of ₹199 crore (up 15% y-o-y) and turnover of ₹178 crore (up 8% y-o-y), enhancing its contribution to total turnover to 35%. * Subsequent to the quarter, Triveni Turbines DMCC, a wholly-owned subsidiary, acquired the remaining 30% equity stake in TSE Engineering Pty. Ltd., South Africa, for ZAR 10.97 million (₹5.6 crore), making TSE a wholly-owned step-down subsidiary. This strategic move aims to consolidate ownership, simplify the group structure, and enhance operational control and efficiencies. * The company is confident in its new product and technology introductions, expecting a back-ended performance for FY26 leading to a healthy growth outlook. * Outlook: * Triveni Turbines is well-positioned for sustained healthy performance, supported by a robust order backlog in API and IPG turbine segments, market expansion, and strong Aftermarket growth potential. * Expanding global presence and increasing demand for renewable energy, energy efficiency, and decentralized power solutions present substantial growth opportunities.
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Triveni Turbine Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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