Triveni Turbine (TTL) reported its Q2 FY26 results, showcasing a 1% increase in revenue to ₹5.06 billion and stable EBITDA margins at 26.3%. The company achieved record order booking of ₹6.52 billion, up 14% y-o-y, driven by strong domestic demand. The outstanding order book reached a record ₹22.20 billion, reflecting a robust growth trajectory. The acquisition of the remaining stake in TSE Engineering has also been announced.
Financial Performance Overview
For Q2 FY26, Triveni Turbine reported the following key consolidated results:
- Revenue from Operations: ₹5.06 billion, a 1% increase y-o-y.
- EBITDA: ₹1.33 billion, a 1.5% increase y-o-y, with margins at 26.3%.
- Profit Before Tax (PBT): ₹1.25 billion, up 0.4% y-o-y, with a margin of 24.6%.
- Profit After Tax (PAT): ₹914 million, a 0.4% increase y-o-y.
Order Book Highlights
Triveni Turbine achieved record order bookings and a substantial order backlog:
- Record Order booking: ₹6.52 billion during the quarter, a 14% increase y-o-y.
- Outstanding Order Book: Reached ₹22.20 billion as of September 30, 2025, up 24% y-o-y.
- Domestic order booking grew by 52% y-o-y, contributing 62% of the total. Export order booking declined by 19%.
Segment Performance
Key observations from the company’s segment performance include:
- Product order booking increased by 14% y-o-y to ₹4.54 billion.
- Aftermarket segment order booking was ₹1.99 billion, a 15% increase y-o-y, contributing 35% of the turnover.
Strategic Developments
Triveni Turbine has recently undertaken the following strategic initiatives:
- Acquisition of remaining 30% stake in TSE Engineering Pty. Ltd. (South Africa) for a cash consideration of ZAR 10.97 million.
Management Commentary
Dhruv M. Sawhney, Chairman and Managing Director, commented on the company’s performance, highlighting the improvement in revenue and record order booking driven by strong domestic demand. He noted that the outstanding order book has nearly doubled over the past three years, underscoring the company’s strong market position.
H1 FY26 Performance
- Revenue from operations declined by 9% y-o-y to ₹ 8.78 billion.
- Domestic sales declined by 22% year-on-year to ₹ 4.12 billion, while export turnover increased by 6% y-o-y to ₹ 4.65 billion.
- Profit After Tax declined by 9.1% year-on-year to ₹ 1.56 billion during the half year.
Source: BSE
