Q1 2026 Triveni Turbine Ltd Earnings Call Transcript
Key Points
- Triveni Turbine Ltd (BOM:533655) has a strong inquiry pipeline with a 130% growth in the domestic market and a 175% increase in the US market, indicating potential future orders.
- The company has launched India's first CO2-based high-temperature ultra-efficient heat pump, showcasing its commitment to innovation and expanding its product portfolio.
- Despite a decline in revenue, the EBITDA margin increased by 100 basis points year-over-year to 25.8%, reflecting strong cost management and operational efficiency.
- The outstanding order book as of June 30 stood at INR20.74 billion, a record and an increase of over 20% year-over-year, providing a solid foundation for future revenue.
- Triveni Turbine Ltd (BOM:533655) is optimistic about growth in the domestic market, particularly in sectors like steel, cement, and sugar, which are showing strong inquiry growth.
- The company experienced a 20% decline in revenue year-over-year due to deferment of orders caused by geopolitical tensions and conflicts in key markets.
- Order booking for the quarter declined by 16% year-over-year to INR5.36 billion, impacted by lower export demand and geopolitical uncertainties.
- The US and South African subsidiaries underperformed, contributing to losses and highlighting challenges in international operations.
- The deferment of dispatches and revenue recognition due to client inspections and geopolitical issues has led to a lumpy revenue outlook for the year.
- The international inquiry book declined by about 5%, with specific declines in the SAARC region, Southeast Asia, and Europe, indicating challenges in maintaining international market momentum.
Ladies and gentlemen, good day, and welcome to the Triveni Turbine Limited Q1 FY26 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.
Good day, everyone, and a warm welcome to all of you participating in the Q1 FY26 Earnings Conference Call of Triveni Turbine Limited. We have with us today on the call, Mr. Nikhil Sawhney, Vice Chairman, 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 open to all invitees, it
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