Triveni Turbines , a leading manufacturer of industrial steam turbines, has announced a final dividend of Rs. 2.00 per equity share for the financial year ended March 31, 2025. The company has set September 1, 2025, as the record date for determining shareholder eligibility. This dividend payout, subject to approval at the upcoming Annual General Meeting on September 8, 2025, is expected to be distributed by October 7, 2025, if approved.

The dividend announcement comes alongside the release of Triveni Turbine's financial results for the first quarter, which reveal a challenging start to the year for the company.

Q1 Financial Performance

For the quarter ended June 30, 2025, Triveni Turbine reported:

• Revenue from operations of Rs. 3,713.00 million, marking a 19.9% decline compared to Rs. 4,633.00 million in the same quarter of the previous year.
• EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) of Rs. 958.00 million, down 16.7% year-on-year.
• Profit After Tax (PAT) of Rs. 644.00 million, a 19.9% decrease from the same quarter last year.

Despite the revenue decline, the company managed to improve its EBITDA margin to 25.8%, an increase of approximately 100 basis points year-on-year.

Order Book and Market Position

Triveni Turbine's order booking for the quarter stood at Rs. 5.36 billion, a 15.8% decrease compared to the same period last year. However, the company reported a record closing order book of Rs. 20.74 billion as of June 30, 2025, representing a 20.2% increase year-on-year.

The domestic order book showed particular strength, growing by 27% to reach Rs. 9.14 billion. Export orders, while still significant, grew at a slower pace of 15% to Rs. 11.60 billion, accounting for 56% of the total order book.

Management Commentary

Mr. Dhruv M. Sawhney, Chairman & Managing Director of Triveni Turbine Limited, commented on the quarter's performance: "Performance in the quarter gone by was disappointing largely on account of deferment of dispatches and orders to coming quarters. Several international customers were reluctant to travel amid geopolitical uncertainties due to India-Pakistan and Israel-Iran tensions, resulting in postponement of inspections delaying the dispatches and revenue recognition."

Despite the challenges, Mr. Sawhney expressed confidence in the company's ability to maintain its growth trajectory for the full financial year.

Looking Ahead

While the first quarter results were below expectations, Triveni Turbine's management remains optimistic about the company's prospects. The record order book provides a strong foundation for future growth, and the company's efforts to realign operations are expected to yield positive results in the coming quarters.

Investors and shareholders will be closely watching the company's performance in the next few quarters to see if it can overcome the current challenges and capitalize on its strong order book position.

The final dividend announcement, subject to shareholder approval, signals the management's commitment to delivering value to shareholders despite the temporary setback in quarterly performance.

Triveni Turbines , a leading manufacturer of industrial steam turbines, has announced its financial results for the first quarter, revealing a decline in revenue and profit compared to the same period last year.

Financial Performance

The company reported consolidated revenue from operations of ₹3,713.00 million for Q1, marking a 19.9% decrease from ₹4,633.00 million in the corresponding quarter of the previous year. The consolidated profit after tax (PAT) stood at ₹644.00 million, down 19.9% from ₹804.00 million in the same period last year.

On a standalone basis, Triveni Turbine's performance also showed a downward trend:

Key Highlights

• Consolidated earnings per share (EPS) for Q1 was ₹2.03, compared to ₹2.52 in the same quarter of the previous year.
• The company's total comprehensive income for the quarter decreased to ₹516.00 million from ₹845.00 million in the same quarter last year.
• Despite the overall decline, Triveni Turbine maintained a strong balance sheet with a paid-up equity share capital of ₹318.00 million.

Management Commentary

The Board of Directors of Triveni Turbine Limited approved these unaudited financial results in their meeting. The company's management has not provided specific comments on the performance or outlook in the available information.

Dividend Announcement

In a separate announcement, the company informed that its Board of Directors has recommended a final dividend of ₹2.00 per equity share of ₹1.00 each for the financial year ended March 31. The dividend, subject to shareholder approval at the upcoming Annual General Meeting (AGM), will be paid on or before October 7.

Conclusion

While Triveni Turbine Limited has faced challenges in the first quarter, resulting in reduced revenue and profit figures, the company continues to maintain its operations and has proposed a dividend for the previous fiscal year. Investors and stakeholders will likely be watching closely to see how the company navigates the current market conditions in the coming quarters.

Note: All financial figures are based on the unaudited results for the quarter as reported by the company.