Triveni Turbines has uploaded the full transcript of its earnings conference call to its official website, providing investors with a detailed record of management's discussion on the company's standalone and consolidated unaudited financial results for the first quarter ended June 30, 2026. The call took place on August 11, 2026, and the transcript was filed with BSE Limited and the National Stock Exchange of India Limited on August 17, 2026, pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Conference Call Details
The transcript captures the interaction between senior leadership and investors, offering deeper context on the operational and financial outcomes of Q1 FY27. Key participants included Vice Chairman and Managing Director Nikhil Sawhney, CEO S.N. Prasad, CFO Lalit Agarwal, and other senior executives. The filing serves as an official regulatory disclosure, ensuring transparency regarding the company's performance and outlook.
| Detail |
Information |
| Event |
Investors'/Analysts' Conference Call Transcript |
| Date Held |
August 11, 2026 |
| Filing Date |
August 17, 2026 |
| Period Covered |
Q1 FY27 (Standalone & Consolidated) |
| Regulatory Basis |
Regulation 30, SEBI (LODR) Regulations, 2015 |
| Access Method |
Company Website & Stock Exchanges |
Financial Performance Overview
During the call, management highlighted that revenue from operations rose 19.2% year-on-year to ₹4.43 billion. Domestic sales grew by 27.4% to ₹2.4 billion, while exports increased to ₹2.03 billion, accounting for 48.8% of total revenue compared to 49.3% in Q1 FY26. However, profitability softened significantly. EBITDA stood at ₹797 million with a margin of 18%, down from 25.8% in the prior year period. Profit before tax fell 20.1% to ₹697 million, with margins contracting to 15.7% from 23.5%.
Management attributed the margin compression to a softer order mix from H1 FY26, which carried through to Q1 FY27 execution, and the delivery phasing of strategic orders. Specifically, the NTPC CO2-based energy storage project, taken at negligible margins for technology validation, impacted profitability. Additionally, higher freight rates—up 3x to 4x—led clients to defer export dispatches, shifting revenue recognition to later quarters.
Management Guidance Highlights
Despite the challenging quarter, management maintained its outlook for FY27. Growth is expected to be back-ended, with stronger performance anticipated in the second half of the fiscal year. On margins, the company reaffirmed that a Profit Before Tax (PBT) margin of over 20% is maintainable in the medium to long term. Recovery in both absolute and percentage terms is expected in H2 FY27 as the order mix improves and deferred export orders are executed.
| Guidance Parameter |
Management Commentary |
| FY27 Growth Outlook |
Top-line and bottom-line growth at higher end of double-digits |
| Growth Pattern |
Back-ended; stronger performance expected in H2 FY27 |
| PBT Margin Target |
Over 20% maintainable in medium and long term |
| Margin Recovery |
Expected in H2 FY27 (absolute and percentage) |
| US Subsidiary |
Targeted to break even in FY27 despite substantial Q1 FY27 loss |
Order Book and Market Dynamics
Order booking for the quarter stood at ₹5.68 billion, up 6.1% year-on-year, driven entirely by exports and aftermarket segments. Export order booking surged 53.4% YoY, accounting for 68% of total orders. The aftermarket segment also gained traction, contributing 39% of total order booking compared to 27% in Q1 FY26. Consequently, the closing order book improved to ₹21.8 billion as of June 30, 2026, up 5.1% YoY from ₹20.74 billion. Export orders constituted 57% of the closing book, while aftermarket orders rose 115% YoY to ₹6.24 billion.
US Subsidiary Update
Regarding the US subsidiary, management acknowledged a substantial loss in Q1 FY27 but expressed confidence in achieving breakeven during FY27. The subsidiary continues to receive healthy enquiries, particularly in the data centre and small modular reactor spaces. Management noted that while product sales may take time to materialise due to longer gestation periods, the refurbishment business is gaining momentum. The focus remains on strengthening local service capabilities and building market presence in the Americas.
Regulatory Compliance
The transcript was signed by Pulkit Bhasin, Company Secretary, confirming compliance with SEBI disclosure norms. The filing ensures that all stakeholders have access to the complete record of the conference call, including the Q&A session where management addressed queries on domestic market weakness, commodity inflation impacts, and future R&D initiatives such as Organic Rankine Cycle developments.
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