Triveni Turbine Limited announced a record order booking of ₹7.64 billion for the second quarter of FY27, marking a 17.2% increase year-on-year. The company also reported a healthy closing order book of ₹24.53 billion, a 10.5% increase year-on-year. This performance highlights strong demand for its products and services, particularly in the export market and the aftermarket segment, positioning the company well for future growth.
Triveni Turbine Achieves Record Order Booking
Triveni Turbine Limited (TTL) has announced significant growth in its order book, reporting a record order booking of ₹7.64 billion for the second quarter of fiscal year 2027 (Q2 FY27). This represents a substantial year-on-year increase of 17.2%. The company’s export order booking also saw robust growth, increasing by 49.8% year-on-year and contributing 48.1% to the total order booking for the quarter. The product order booking grew by 32.5% year-on-year to reach ₹6.01 billion.
Strong Closing Order Book
Furthermore, Triveni Turbine maintains a healthy outstanding order book, which stood at ₹24.53 billion as of H1 FY27, reflecting a 10.5% increase compared to the previous year. The export outstanding order book constitutes a significant 59.2% of the overall closing order book. The company also experienced a remarkable surge in closing aftermarket orders, increasing by 105.4% year-on-year to ₹6.39 billion, underscoring the ongoing strengthening of its business mix and customer retention strategies.
Management Commentary Highlights
In its management commentary, Triveni Turbine noted that revenue growth for the first half of FY27 was 6.4% year-on-year. While Q2 FY27 revenue stood at ₹4.91 billion, a 3.0% decrease year-on-year, this was attributed to strong domestic growth being offset by lower export revenue. The company expects margins to improve in the coming quarters. The management highlighted strong business fundamentals, a healthy order book, and record order booking led by Europe, Turkey, and the USA. They also emphasized emerging opportunities in the USA and Europe, coupled with sustained investment in domestic and international markets, as key drivers for long-term growth. The company has also made strides in the combined cycle power plant segment and secured contracts for boiler feedwater (BFW) pump packages.
Source: BSE
