Triveni Turbine Reports Record Order Booking and Strengthens Global Presence

Triveni Turbine Limited , a leading manufacturer of industrial steam turbines, has reported a strong performance for the second quarter of fiscal year 2026, marked by record order bookings and strategic moves to enhance its global footprint.

Record Order Booking

The company achieved a record order booking of ₹6.52 billion in Q2 FY26, representing a 14% year-over-year increase. This surge in orders has led to an all-time high total order book of ₹22.2 billion as of September 30, 2025, up 24% compared to the same period last year.

Financial Performance

For Q2 FY26, Triveni Turbine reported:

Metric	Q2 FY26	YoY Change
Revenue from Operations	₹5.06 billion	+1.0%
EBITDA	₹1.33 billion	+1.5%
EBITDA Margin	26.3%	+20 bps
Profit After Tax (PAT)	₹914 million	+0.4%

The company's EBITDA margins improved slightly, indicating stable operational efficiency.

Domestic and Export Performance

Domestic order booking grew significantly by 52% year-over-year to ₹4.07 billion, contributing 62% of the overall order booking in the quarter. However, export order booking declined by 19% to ₹2.46 billion, which the company attributed to global trade uncertainties.

Aftermarket Segment Growth

The Aftermarket segment showed robust performance:

Record order booking of ₹1.99 billion, up 15% year-over-year
Turnover reached ₹1.78 billion, an increase of 8% year-over-year
Contribution to total turnover enhanced to 35% in Q2 FY26, compared to 33% in Q2 FY25

Strategic Acquisition

Triveni Turbine's wholly-owned subsidiary, Triveni Turbines DMCC, acquired the remaining 30% equity stake in TSE Engineering Pty. Ltd. (South Africa) for ₹56 million. This acquisition aims to consolidate ownership, enhance operational control, and streamline processes for better alignment with the Group's long-term business goals.

Future Outlook

Mr. Dhruv M. Sawhney, Chairman and Managing Director, expressed confidence in the company's growth trajectory, citing strong market position and consistent performance. He noted that the outstanding order book has nearly doubled over the past three years, providing good visibility for the near term.

The company remains optimistic about its new product and technology introductions, which are expected to drive healthy growth in the coming years. Management anticipates that performance for FY26 will be back-ended, leading to a positive growth outlook.

Triveni Turbine's focus on expanding its Aftermarket business, coupled with its strong presence in domestic markets and diversified global enquiry pipeline, positions the company well for sustained growth in the industrial steam turbine sector.

About Triveni Turbine Limited

Triveni Turbine Limited is a focused corporation with core competency in the area of steam turbines manufacturing up to 100 MW size. The company is one of the world's largest manufacturers of steam turbines for industrial applications and has executed projects in over 70 countries.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.17%	+0.81%	+2.87%	-3.39%	-13.56%	+665.65%

Triveni Turbine , a leading manufacturer of industrial steam turbines, has announced its quarterly financial results, showcasing modest growth across key metrics. The company's performance demonstrates resilience in the current economic landscape.

Financial Highlights

Metric	Q2 (Current Year)	Q2 (Previous Year)	Year-over-Year Change
Net Profit	₹91.20 crore	₹90.90 crore	+0.33%
Revenue	₹506.20 crore	₹501.10 crore	+1.02%
EBITDA	₹114.20 crore	₹111.60 crore	+2.33%
EBITDA Margin	22.60%	22.30%	+0.30 percentage points

Key Takeaways

Profit Growth: Triveni Turbine's net profit increased marginally to ₹91.20 crore, up from ₹90.90 crore in the same period last year, representing a 0.33% year-over-year growth.
Revenue Expansion: The company's revenue rose to ₹506.20 crore, compared to ₹501.10 crore in the previous year, showing a 1.02% increase.
EBITDA Improvement: Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) grew to ₹114.20 crore from ₹111.60 crore, indicating a 2.33% increase.
Margin Enhancement: The EBITDA margin improved slightly, reaching 22.60% compared to 22.30% in the previous year, a gain of 0.30 percentage points.
Corporate Developments: The board approved shifting the registered office to Noida and reappointed Ernst & Young LLP as internal auditor for three years.
Stock Performance: Shares closed 2.80% higher but have declined nearly 30% year-to-date.

The financial results indicate that Triveni Turbine has managed to maintain its profitability and slightly improve its operational efficiency. The company's ability to increase its EBITDA margin while growing revenue suggests effective cost management.

These results reflect Triveni Turbine's efforts to navigate market challenges. The company's performance may be of interest to investors and industry observers as an indicator of the broader industrial equipment sector's health.