Triveni Turbine Limited reported a strong performance for FY26, achieving a record annual turnover of ₹21.81 billion, a 9% growth over the previous year. Despite geopolitical and global economic challenges, the company delivered steady business momentum, particularly in the second half. While profitability saw a minor 3% decline in PAT due to exceptional charges and mark-to-market losses, the company remains optimistic about long-term growth driven by robust export demand and new product initiatives.
Financial Highlights of FY26
Triveni Turbine Limited concluded the financial year 2026 on a strong note, recording its highest-ever annual turnover of ₹21.81 billion. Export revenue emerged as a significant driver, surging by 30% year-on-year and accounting for 58% of the total revenue. Operationally, the company maintained healthy profitability, with EBITDA reaching ₹5.27 billion and a margin of 24.2%. Profit after tax for the year stood at a marginal decline of 3%, primarily attributed to a one-time exceptional charge of ₹157 million related to new employee wage code obligations.
Quarterly Momentum and Order Book
The fourth quarter of FY26 witnessed robust performance, with record revenue of ₹6.8 billion, reflecting a 26% year-on-year growth. The order booking momentum remained strong, with the company securing ₹7.54 billion in new orders during Q4, a 19% year-on-year increase. Exports continued to perform exceptionally well, contributing 60% to the quarterly revenue. The company’s closing outstanding order book grew by 8% to ₹20.54 billion, providing significant visibility for the upcoming year.
Strategic Growth and Future Outlook
The management emphasized the company’s resilient business model, which has successfully navigated geopolitical disruptions and tariff uncertainties in key markets like the U.S. and West Asia. Looking ahead, Triveni Turbine is focused on expanding its addressable market through innovation, particularly in the geothermal and CO2-based technology segments. The U.S. market, specifically, shows immense potential with enquiries nearly doubling, driven by demand for data centers and combined-cycle power applications. Despite short-term fluctuations, the company expects to maintain its long-term growth and stable margin profile.
Source: BSE
