Financial Performance Summary (Consolidated)

Revenue Performance:

  • Revenue from Operations: ₹4,427 million in Q1 FY27 vs ₹3,713 million in Q1 FY26, growth of 19.2% YoY
  • Domestic revenue: ₹2,397 million, up 27.4% YoY
  • Export revenue: ₹2,030 million, up 10.8% YoY
  • Export contribution: 45.8% of total revenue vs 49.3% in Q1 FY26

Profitability Metrics:

  • EBITDA: ₹797 million, down 16.8% YoY from ₹958 million
  • EBITDA margin: 18.0% vs 25.8% in Q1 FY26
  • PBT: ₹697 million, down 20.1% YoY from ₹873 million
  • PBT margin: 15.7% vs 23.5% in Q1 FY26
  • PAT: ₹511 million, down 20.6% YoY from ₹644 million
  • PAT margin: 11.5% vs 17.3% in Q1 FY26
  • EPS: ₹1.60 per share vs ₹2.03 per share in Q1 FY26

Margin Pressure Drivers:

Margins were impacted by unfavorable mix, price escalation, and the delivery phasing of some strategic orders. Deliveries of certain large projects are spread across quarters, and the quarter's revenue included the balance bought-out scope of these projects.

Order Book Analysis

Order Booking Performance:

  • Total order booking: ₹5,683 million, up 6.1% YoY from ₹5,355 million
  • Export order booking: ₹3,842 million, up 53.4% YoY (67.6% of total booking)
  • Aftermarket order booking: ₹2,236 million, up 53.4% YoY (39.3% of total booking)
  • Domestic order booking: ₹1,841 million, down 35.4% YoY
  • Product order booking: ₹3,447 million, down 11.6% YoY

Order Book Position:

  • Closing order book: ₹21,796 million, up 5.1% YoY from ₹20,736 million
  • Export orders: 56.7% of closing order book
  • Aftermarket order book: ₹6,238 million, up 115.1% YoY (28.6% of total order book)
  • Product order book: ₹15,557 million, down 12.8% YoY

Business Segment Performance

Product vs Aftermarket:

  • Product sales: ₹3,035 million, up 19.1% YoY
  • Aftermarket sales: ₹1,392 million, up 19.5% YoY
  • Aftermarket mix: 31.4% of total revenue (consistent with Q1 FY26)

Management Commentary

The Chairman & Managing Director stated that the quarter remained challenging as expected. The underlying business continued to strengthen with growing global emphasis on energy efficiency, decarbonization, renewable thermal solutions, and decentralized power generation creating strong demand across key markets of Southeast Asia, Africa and North America.

Strategic Initiatives:

  • Implementation of AI-driven predictive maintenance and localized services globally
  • Augmented production capabilities through digitalized hydro testing for turbine casings and advanced laser hardening processes
  • Diversified enquiry pipeline across international oil & gas, biomass, waste-to-energy, utility, geothermal, and process co-generation segments
  • Domestic base across steel, cement, sugar, and distillery industries

Outlook

Triveni Turbine remains well positioned to sustain growth momentum supported by:

  • Healthy enquiry pipeline and robust order backlog across both Product and Aftermarket businesses
  • Expanding global footprint and diversified portfolio
  • Growing presence in new-technology applications including biomass, waste-to-energy, geothermal, data center, and SMR nuclear applications
  • Revenue and profit outlook for H2 FY27 remains positive underpinned by order book
  • While geopolitical uncertainties in West Asia may cause near-term fluctuations, diversity across geographies and segments positions the company to mitigate risks
  • Confidence in sustaining year-on-year business growth and margin recovery in latter half of FY27

Standalone Financial Highlights

  • Revenue from operations: ₹3,968 million vs ₹3,446 million in Q1 FY26
  • Profit before tax: ₹670 million vs ₹890 million in Q1 FY26
  • Profit after tax: ₹505 million vs ₹670 million in Q1 FY26
  • Total comprehensive income: ₹574 million vs ₹524 million in Q1 FY26
  • Basic EPS: ₹1.59 vs ₹2.11 in Q1 FY26

Consolidated Financial Position

  • Paid up equity share capital: ₹318 million
  • Other equity: ₹14,142 million (as of previous period)