• Event Type: The document contains the transcript of the Q1 FY27 earnings conference call for investors and analysts, held on August 11, 2026.
  • Date and Time: The conference call was held on August 11, 2026. The specific time and time zone were not disclosed in the provided transcript.
  • Purpose: The call was held to discuss the standalone and consolidated unaudited financial results of the Company for the first quarter ended June 30, 2026.
  • Earnings Timing: The meeting was held after the earnings announcement, as it is a discussion of the published results.
  • Management Participants: The following management participants were present on the call:
  • Nikhil Sawhney - Vice Chairman and Managing Director
  • S.N. Prasad - Chief Executive Officer
  • Manikantan Rajendran - Chief Marketing Officer
  • Sachin Parab - Chief Operating Officer
  • Lalit Agarwal - Chief Financial Officer
  • Shreya Sharma - Head of Investor Relations and Value Creation
  • Presentation Availability: The accompanying results presentation was uploaded on the exchanges and the company's website prior to the call. The transcript of the call itself is also available on the Company's website at www.triveniturbines.com.
  • UPSI Statement: The document includes a standard disclaimer that some statements made during the call may be forward-looking in nature, covered by the disclaimer of the earnings presentation. There is no explicit statement that no Unpublished Price Sensitive Information (UPSI) was shared.

Financial Highlights & Strategic Themes (As Disclosed):

  • The discussion was based on Q1 FY27 (quarter ended June 30, 2026) results.
  • Revenue: ₹4.43 billion, up 19.2% YoY. Domestic sales grew 27.4% to ₹2.4 billion, while exports grew to ₹2.03 billion (export share at 48.8% vs 49.3% in Q1 FY26).
  • Profitability: EBITDA was ₹797 million (18% margin vs 25.8% YoY). Profit Before Tax was ₹697 million (15.7% margin vs 23.5% YoY), down 20.1%.
  • Order Booking: stood at ₹5.68 billion, a growth of 6.1% YoY. Export order booking grew 53.4% YoY, accounting for 68% of total booking. Aftermarket order booking grew 54% YoY, accounting for 39% of total booking.
  • Order Book: The closing order book stood at ₹21.8 billion as of June 30, 2026, a 5.1% YoY increase. The export order book accounted for 57% of this, and the aftermarket order book stood at ₹6.24 billion (up 115% YoY).
  • Forward-looking Statements: Management expressed optimism for growth in both revenue and profit for the full FY27, albeit expected to be back-ended. They reiterated a long-term target of maintaining PBT margins over 20%. Challenges were attributed to the softer order mix from H1 FY26 being executed in Q1 FY27, phasing of strategic orders (like the NTPC project), and geopolitical issues causing volatility (e.g., high freight rates delaying export dispatches). Key growth drivers mentioned were strong traction in international markets (Southeast Asia, Africa, Europe, U.S.), the aftermarket and refurbishment business, and new technology developments (Organic Rankine Cycle, heat pumps, MVR).

Additional Notes Section

  • Attachments: The document is the transcript of the conference call, enclosed with the regulatory filing.
  • Financial Data: Significant financial data and operational metrics were disclosed and discussed during the call, as detailed in the summary above.
  • Logistical Details: The transcript includes moderator instructions and Q&A participant names but omits specific dial-in numbers or access codes.

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