Triveni Turbine Limited achieved strong financial results for the full year FY26, marked by record revenue and a robust order book. Despite a challenging global environment, the company delivered a revenue of ₹21,811 million and demonstrated a 26% CAGR over the last four years. The firm continues to benefit from a significant shift toward renewable thermal energy, with renewable sources now comprising a major share of the addressable market.
Financial Performance Overview
For the financial year ended March 31, 2026, Triveni Turbine reported a total revenue from operations of ₹21,811 million. The company maintained a strong upward trajectory in profitability, achieving an EBITDA of ₹5,268 million. Over the period from FY22 to FY26, the company successfully scaled its operations, recording a revenue CAGR of 26%, an EBITDA CAGR of 29%, and a PBT CAGR of 31%.
Record Order Book and Market Traction
The company achieved a record closing order book of ₹20,539 million for FY26, representing a 7.6% increase over the previous year. Export markets played a pivotal role in this success, accounting for 51% of total orders. The aftermarket segment also saw substantial growth, with its share of total order bookings rising to 26%, compared to 14% in FY25, reflecting the success of the company’s diversified business strategy.
Strategic Focus on Sustainability
Triveni Turbine continues to align its operations with the global transition toward renewable energy. The company highlighted that the share of thermal renewable fuels, such as Biomass, Waste-to-Energy, and Waste Heat Recovery, has reached 73% in the <100 MW global market as of 2024, up from 42% in 2014. This shift directly supports the company’s focus on high-efficiency, fuel-agnostic solutions that are critical for modern industrial decarbonization.
Operational Outlook
Looking ahead, management remains confident in sustained growth for FY27. Despite near-term macroeconomic and geopolitical fluctuations in regions like west Asia, the company’s healthy enquiry pipeline in sectors such as IPP, steel, cement, and oil & gas provides strong visibility. With its 1,000+ strong employee base and advanced manufacturing capabilities, Triveni Turbine is well-positioned to capitalize on increasing industrial energy demand globally.
Source: BSE
