India · Delayed Price · Currency is INR Triveni Turbine Earnings Call Transcripts
Fiscal Year 2026
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Q3 FY26 saw record revenue and EBITDA, with strong domestic and export inquiry pipelines. Order booking was lumpy due to deferred advances, but Q4 and FY27 are expected to see robust growth, especially in new products and international markets.
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Q2 FY2026 saw flat growth with record order bookings and a robust order book, despite a 9% YoY revenue decline in H1. Domestic demand surged, exports grew, and aftermarket business hit new highs. Management expects stronger growth in H2, with stable margins and continued product innovation.
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Q1 FY26 revenue and profit declined due to deferred orders and geopolitical disruptions, but margins improved and the order book grew over 20% year-over-year. Management remains optimistic, citing strong inquiry pipelines, new product launches, and robust cash reserves.
Fiscal Year 2025
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Record FY 2025 results with 21% revenue growth, 36% EBITDA growth, and a 26% rise in order booking. Export and API segments drove performance, while robust inquiry pipelines support a positive FY 2026 outlook despite domestic market softness.
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Q3 FY25 saw record revenue, EBITDA, and order book, driven by strong export growth and robust margins. New CO2-based energy storage projects and increased R&D investment signal diversification, while domestic order inflow is expected to rebound.
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Q2 FY25 saw record revenue and EBITDA, with strong growth in both domestic and export markets. Order bookings and the outstanding order book reached new highs, providing strong visibility, while margins remained robust. Expansion into new technologies and geographies, along with planned CapEx, supports a positive medium-term outlook.
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Q1 FY25 saw record revenue and profit growth, with EBITDA up 36% and PAT up 32% year-over-year. Order book hit an all-time high, driven by strong export and aftermarket performance, and management expects robust growth to continue, supported by a healthy inquiry pipeline and ongoing investments in R&D and international expansion.