Triveni Turbine Ltd
NSE:TRITURBINE
Triveni Turbine Ltd
Triveni Turbine Ltd., an integral player in the power generation sector, operates in the intriguing niche of steam turbine manufacturing. Balancing the artful craft of engineering with the science of energy efficiency, the company has carved a unique space by focusing on turbines with capacities up to 100 MW. This range aligns neatly with the burgeoning demand for compact and efficient power solutions across industries. Forging its success through innovation and specialization, Triveni harnesses the growing need for decentralized power systems in sectors like sugar, steel, textiles, and biomass generation, where agility and performance are vital. By customizing solutions for various industries, it taps into a diverse portfolio of end-users who need reliable and adaptable power sources.
Economically, Triveni Turbine Ltd. derives its revenue not just from the sale of steam turbines, but also through comprehensive after-market services including maintenance, repair, and operational optimization. This twin approach ensures a steady revenue stream, as existing clients look for seamless operations and new clients eye cost-effective energy alternatives. Furthermore, its strategic international alliances and joint ventures expand growth horizons beyond domestic confines, accessing newer markets where economic development predicates upsurges in power needs. The company’s strong emphasis on research and development bolsters its technological edge, ensuring its propositions meet modern efficiency and environmental standards, thus cementing its reputation and reliability in the competitive landscape of global energy solutions.
Triveni Turbine Ltd., an integral player in the power generation sector, operates in the intriguing niche of steam turbine manufacturing. Balancing the artful craft of engineering with the science of energy efficiency, the company has carved a unique space by focusing on turbines with capacities up to 100 MW. This range aligns neatly with the burgeoning demand for compact and efficient power solutions across industries. Forging its success through innovation and specialization, Triveni harnesses the growing need for decentralized power systems in sectors like sugar, steel, textiles, and biomass generation, where agility and performance are vital. By customizing solutions for various industries, it taps into a diverse portfolio of end-users who need reliable and adaptable power sources.
Economically, Triveni Turbine Ltd. derives its revenue not just from the sale of steam turbines, but also through comprehensive after-market services including maintenance, repair, and operational optimization. This twin approach ensures a steady revenue stream, as existing clients look for seamless operations and new clients eye cost-effective energy alternatives. Furthermore, its strategic international alliances and joint ventures expand growth horizons beyond domestic confines, accessing newer markets where economic development predicates upsurges in power needs. The company’s strong emphasis on research and development bolsters its technological edge, ensuring its propositions meet modern efficiency and environmental standards, thus cementing its reputation and reliability in the competitive landscape of global energy solutions.
Record Q3 Results: Triveni Turbine posted its highest-ever quarterly revenue of INR 6.24 billion and EBITDA of INR 1.54 billion in Q3 FY '26.
Strong Turnover & EBITDA: Turnover grew 24% and EBITDA rose 16.9% year-over-year for the quarter.
Order Booking Recovery Expected: Q3 order bookings were down 26% YoY due to deferred advances, but management expects a strong rebound in Q4.
New Product Traction: Initial orders and strong inquiries received for new solutions like CO2-based heat pumps and MVR compressors, with execution expected in FY '27.
US & Export Markets: US subsidiary posted a INR 21 crore loss for 9 months, but tariff cuts and a strong inquiry book are expected to drive future growth; export and domestic order mix expected to remain roughly 55/45.
Margins Remain Stable: EBITDA margins held steady despite NTPC project’s lower margin impact and a one-off wage code charge.
Guidance: Management anticipates double-digit growth in order booking for FY '26 over FY '25 and expects growth to normalize further by FY '28.
Aftermarket & Refurbishment: Continued confidence in growth from aftermarket, refurbishment, and new applications like geothermal and utility turbines.
