Triveni Turbines delivered exceptional performance in Q3 FY26, achieving its highest-ever quarterly revenue and EBITDA while maintaining stable profitability despite facing exceptional charges. The company's latest financial disclosure for the quarter ended December 31, 2025, demonstrates robust operational momentum across key business segments.

Record Financial Performance

The company achieved unprecedented quarterly performance with significant growth across operational metrics. Revenue expansion was driven by strong export performance, while operational efficiency remained robust despite margin pressures.

Revenue Growth and Market Performance

Triveni Turbines recorded its highest-ever quarterly revenue of ₹6.24 billion, representing a 24% year-on-year increase from ₹5.03 billion in Q3 FY25. The revenue growth was primarily driven by exceptional export performance, with export sales surging 54% to ₹3.85 billion, while domestic sales declined 6% to ₹2.40 billion. Export contribution to total sales increased significantly to 62% in Q3 FY26 compared to 49% in the corresponding quarter of the previous year.

Operational Efficiency and Profitability

EBITDA reached a record ₹1.54 billion, up 16.9% year-on-year, though EBITDA margin compressed to 24.6% from 26.1% in Q3 FY25. Consolidated PAT remained stable at ₹917 million versus ₹926 million in the previous year, impacted by exceptional charges of ₹157 million related to employee benefit obligations arising from the new wage code implementation. Excluding exceptional items, adjusted PAT stood at ₹1.04 billion, representing a 12.76% year-on-year growth.

Order Book and Business Outlook

The company maintained a healthy order booking performance with total orders of ₹3.91 billion during the quarter, though this represented a 26% decline from ₹5.26 billion in Q3 FY25. Domestic order booking remained resilient at ₹1.82 billion (up 1% YoY), while export order booking faced headwinds, declining 40% to ₹2.08 billion due to global trade uncertainties. The outstanding order book reached a record ₹19.86 billion as of December 31, 2025, up 9% year-on-year, providing strong revenue visibility.

Dividend and Strategic Initiatives

The Board of Directors approved an interim dividend of 225% (₹2.25 per equity share) for FY26. The company continues to focus on diversification initiatives, entering new business areas including geothermal applications and expanding its aftermarket solutions portfolio. The aftermarket segment reported order booking of ₹1.58 billion (up 23% YoY), though turnover declined 22% to ₹1.38 billion due to delivery deferrals.

Triveni turbines has formally notified stock exchanges about an upcoming board meeting scheduled for February 3, 2026, where directors will review the company's third-quarter performance and consider dividend distribution to shareholders.

Board Meeting Agenda

The board meeting will address two primary matters of significant importance to stakeholders:

Regulatory Compliance and Trading Window

In accordance with Securities and Exchange Board of India regulations, Triveni Turbine Limited has implemented necessary compliance measures. The company previously informed exchanges on December 23, 2025, about the closure of the trading window for designated persons.

The trading restrictions encompass:

• Effective Period: January 1, 2026 onwards
• Applicable Persons: Designated persons and their immediate relatives
• Duration: Until 48 hours after publication of financial results
• Regulatory Framework: SEBI (Prohibition of Insider Trading) Regulations, 2015

Corporate Communication

The notification was filed electronically on January 24, 2026, and addressed to both major stock exchanges where the company's shares are listed. Company Secretary Pulkit Bhasin signed the communication, ensuring compliance with Regulation 29 of the SEBI Listing Obligations and Disclosure Requirements Regulations 2015.

Exchange Listing Details

Triveni Turbine Limited maintains its listing presence on India's premier stock exchanges, facilitating investor access and market transparency. The company's shares trade under specific codes on both exchanges, enabling seamless investor participation in the equity markets.

The upcoming board meeting represents a crucial milestone in the company's quarterly reporting cycle, providing stakeholders with comprehensive insights into operational performance and financial health for the third quarter of FY2025-26.