Financial Performance - Q2 FY27 (Consolidated)

  • Revenue: ₹116 crores, representing 5.7% year-on-year growth and 59.9% sequential growth
  • EBITDA: ₹42 crores
  • EBITDA Margin: 36.1%
  • Profit After Tax (PAT): ₹26 crores

Financial Performance - H1 FY27 (Consolidated)

  • Revenue: ₹189 crores, representing 17.8% year-on-year growth
  • EBITDA: ₹67 crores
  • EBITDA Margin: 35.7%
  • Profit After Tax (PAT): ₹41 crores
  • Capital Expenditure: ₹31 crores
  • Free Cash Flow: ₹13 crores (after capital expenditure)

Order Book Position

  • Q2 Order Bookings: ₹126 crores, up 47.7% year-on-year
  • H1 Order Bookings: ₹330 crores, up 94.7% year-on-year
  • Closing Order Book (as of September 30, 2026): ₹626 crores, up 57.2% year-on-year

Business Segment Performance

Aftermarket Business:

  • Contributed 26.7% to total revenue
  • Maintained consistent performance with growing demand for lifecycle services, replacements, and upgrades

Defence Business:

  • Q2 Revenue: Grew 3.3 times year-on-year
  • H1 Revenue: Grew 3.7 times year-on-year
  • Scaling up execution across marine gearboxes, propulsion shafting, and related systems
  • New facility supporting specialized defence and marine manufacturing including propulsion shafting, casing machining, and ship-system equipment

Operational Capabilities and Developments

  • Manufacturing capabilities include gearboxes up to 2,800 mm diameter
  • In-house testing capability up to 90 MW
  • Progressive development of capabilities in marine gearboxes, propulsion shafting, stabilisers, steering gear, and related marine systems
  • Product development initiatives across sleeve couplings, steering gear, stabilisers, and plummer blocks aimed at increasing indigenous technology content and competitiveness
  • Programme timelines remain linked to customer approvals and procurement cycles

Management Commentary

Tarun Sawhney, Vice Chairman & Managing Director, commented on the results:

  • "TPTL delivered a resilient performance in Q2 FY27, with revenue growing 6% year-on-year and 60% sequentially"
  • "The Company continued to generate positive free cash flow while investing in manufacturing capability, R&D and digital initiatives"
  • "Medium-term outlook supported by opportunities across specialised high-speed industrial gears, lifecycle Aftermarket services and localisation of defence and marine systems"
  • Immediate business priorities include disciplined opportunity conversion, deeper global OEM relationships, expansion of international Aftermarket footprint, and execution of Defence order book
  • Company remains committed to sustainable growth, healthy returns on capital, and consistent cash generation

Corporate Background

  • Founded in India in 1976
  • 450+ employees and 14,000+ installations across 80+ countries
  • Over 50 GW of installed gear capacity
  • Became independent listed entity in 2026 following demerger from Triveni Engineering & Industries Limited (TEIL)
  • Part of Triveni Group with nearly century-long legacy