Triveni Power Transmission Limited – Investor Presentation Summary

Key Operational Highlights

  • Q2 FY27 revenue of ₹116 crore, up 5.7% YoY; H1 FY27 revenue of ₹189 crore, up 17.8% YoY
  • Q2 order booking of ₹126 crore, up 47.7% YoY; H1 order booking of ₹330 crore, up 94.7% YoY
  • Defence revenue grew 3.3x YoY in Q2 and 4.7x YoY in H1 FY27
  • Aftermarket share of 27% in H1 FY27
  • Exports contributed 13% to revenue in H1 FY27
  • 14,000+ installations across 80+ countries with over 50 GW of installed gear capacity

Key drivers of operational performance: Strong growth in defence segment, robust aftermarket services, and export contributions.

Segment-wise Performance

Not Specified

Financial Highlights

Revenue: ₹116 crore (Q2), ₹189 crore (H1)

EBITDA: ₹42 crore (Q2), ₹67 crore (H1)

PAT: ₹26 crore (Q2), ₹41 crore (H1)

EPS: Not Specified

Margins: EBITDA margin 36.1% (Q2), 35.7% (H1); PAT margin 22.4% (Q2), 21.5% (H1)

YoY/QoQ comparison: Q2 revenue +5.7% YoY, +60% sequential growth; H1 revenue +17.8% YoY

Drivers of financial performance: Revenue mix changes, investments in manufacturing capabilities, and strong defence segment growth.

Comparison to market estimates: Not Specified

Key Risks: Customer schedule delays, project lead times, supply-chain factors, and timing of defence program approvals.

Geographical Revenue Split

Domestic vs Export/Regional Revenue:

Domestic: Not Specified value, 87% of Total (calculated from 13% export contribution)

Export: Not Specified value, 13% of Total

Regional Breakdown: Not Specified

Balance Sheet Snapshot

Net Debt/Equity: Almost NIL leverage (very minimal borrowings)

Reserves: Not Specified

Current Assets/Liabilities: Not Specified

Working Capital/Leverage Metrics: Core WC days based on TTM revenue

Financial Health Insights: Strong cash flow generation, cash balance of ₹49 crores

Capex & Cash Flow Health

Capital Expenditure: ₹31 crores (H1 FY27)

Free Cash Flow: ₹13 crores (H1 FY27 after capex)

Operating Cash Flow: Not Specified

Net Debt Movement: Not Specified

Investment Rationale: Investments in manufacturing capability, R&D and digital initiatives to strengthen engineering and execution capabilities

Strategic & R&D Initiatives

Investments in Innovation: Efficiency improvement, noise reduction, gearbox optimisation, development of high-speed planetary and higher-power compressor gearbox capabilities, product development across sleeve couplings, steering gear, stabilisers and plummer blocks

Expected impact on growth: Increasing indigenous technology content and competitiveness in defence sector

Strategic Rationale: Deepening relationships with global OEMs, broadening participation across compressors, gas turbines, pumps and other critical rotating equipment applications

Industry Trends & Business Environment

Macro/Industry Trends: Global industrial high-speed New Build Gearbox market projected to grow from $452 million in 2025 to $717 million in 2032 at 6.8% CAGR; Aftermarket Gearbox market projected to grow from $581 million in 2025 to $875 million in 2032 at 6.0% CAGR; Oil & gas capacity enhancements; Defence indigenization; Renewable energy projects including Waste To Energy and Waste Heat Recovery

Impact on Company: Creating opportunities for high-speed gearboxes across hydrogen, ammonia and industrial gas applications; supporting naval propulsion gearboxes and marine defence solutions

Management Commentary & Growth Outlook

Strategic Outlook: Medium-term outlook remains supported by opportunities across specialised high-speed industrial gears, lifecycle Aftermarket services and localisation of defence and marine systems

FY Guidance: Not Specified

Market Share Targets: Not Specified

Risks and Opportunities: Project timing may create periodic variability; opportunities across defence programs including Project 17A Frigates (7 units), Next Generation Offshore Patrol Vessels (11 units), ASW Shallow Water Crafts (16 units), Next Generation Corvettes (~8 units), and Project 75(I) Submarines (6 units)

Corporate Restructuring Update

  • Composite Scheme of Arrangement became effective on May 19, 2026
  • Power Transmission Business demerged from TEIL and vested in TPTL with effect from April 1, 2026
  • TPTL issued 73.45 million equity shares to TEIL shareholders in ratio of 1 TPTL share for every 3 TEIL shares
  • Shares listed on NSE and BSE on October 12, 2026
  • Capital reserve of ₹431 crores recognized

Shareholding Pattern as on October 12, 2026

  • Promoter group: 29.88% by Triveni Engineering & Industries Ltd
  • Total shares: 10,47,54,338 shares of face value ₹2 each