Q3 2025 Triveni Turbine Ltd Earnings Call Transcript
Key Points
- Triveni Turbine Ltd (BOM:533655) reported the highest ever quarterly revenue and EBITDA, with a revenue increase of 17% year-over-year to INR 5.03 billion.
- Export sales increased by 31% year-over-year, contributing to 49% of total sales, indicating strong international demand.
- The company achieved a record carryforward order book of INR 18.19 billion, a 15% increase year-over-year.
- The Board approved a 200% interim dividend, representing a 54% increase, reflecting strong financial health.
- Triveni Turbine Ltd is expanding its R&D efforts, focusing on new technologies like CO2-based energy storage systems, which could open new revenue streams.
- Domestic order bookings have been subdued, with a decline of 3% year-over-year, indicating potential challenges in the local market.
- The Aftermarket segment saw a 17% decline in order bookings in the third quarter, suggesting potential issues in this area.
- The company is incurring losses in its US operations, with an expected loss of over INR 20 crores for the year.
- The domestic outstanding order book decreased by 22% year-over-year, highlighting challenges in maintaining domestic demand.
- The CO2-based energy storage project, while promising, is not expected to be highly profitable in the short term, indicating potential risks in new ventures.
Ladies and gentlemen, good day, and welcome to the Triveni Turbine Limited Q3 FY '25 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded. I now hand the conference over to Mr. Rishab Barar from CDR India. Thank you, and over to you, sir.
Rishab Barar
Good day, everyone, and a warm welcome to all of you participating in the Q3 and 9 months FY '25 Earnings Conference Call of Triveni Turbine Limited. We have with us today on the call, Mr. Nikhil Sawhney, Vice Chairman and Managing Director; Mr. S.N. Prasad, Chief Executive Officer; Mr. Sachin Parab, Chief Operating Officer; Mr. Lalit Agarwal, Chief Financial Officer; and Ms. Surabhi Chandna, Investor Relations and Value Creation.
Before we begin, I would like to mention that some statements made in today's discussion may be forward-looking in nature, and a statement to this effect has been included in the invite, which was mailed to everybody earlier. I would now like to emphasize that while this call is all -- is
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