Triveni Turbine (TRITURBINE) Q1 26/27 earnings summary

Executive summary

• Q1 FY27 revenue rose 19.2% year-over-year to ₹4,427 million, with domestic sales up 27.4% and exports up 10.8%.

• EBITDA margin declined to 17.3% from 25.8% year-over-year, and profit before tax fell 20.1% to ₹697 million.

• Export order booking surged 53.4% year-over-year, now 68% of total order booking, while domestic order booking slowed.

• Aftermarket order booking increased 54% year-over-year, now 39% of total order booking, with closing aftermarket order book more than doubling due to geothermal and utility contracts.

• Closing order book reached ₹21.8 billion, up 5.1% year-over-year, with exports at 57% of the total.

Financial highlights

• Revenue from operations: ₹4,427 million, up 19.2% year-over-year.

• EBITDA: ₹797 million, margin at 17.3% (down from 25.8% year-over-year).

• Net profit after tax: ₹511 million, down from ₹644 million year-over-year.

• Order booking for the quarter: ₹5,683 million, up 6.1% year-over-year.

• Export order booking: 68% of total, up from 47% year-over-year.

Outlook and guidance

• Management expects revenue and profit growth for FY27 to be back-ended, with stronger performance in H2.

• Margins are expected to recover as higher-margin export and aftermarket orders are executed.

• Sustained demand is expected across Southeast Asia, Africa, and North America, driven by energy efficiency and decarbonization trends.