Q3 2026 Triveni Turbine Ltd Earnings Call Transcript
Key Points
- Triveni Turbine Ltd (BOM:533655) reported its highest ever revenue and EBITDA in Q3 FY26, with revenue at INR6.24 billion and EBITDA at INR1.54 billion.
- The company experienced a 24% year-over-year increase in turnover and a 16.9% increase in EBITDA for the quarter.
- Triveni Turbine Ltd is optimistic about growth in the coming year, driven by order bookings and expansion in both domestic and export markets.
- The company has received its first order for CO2-based heat pumps and has a strong inquiry pipeline for both heat pumps and mechanical vapor recompression (MVR) compressors.
- Triveni Turbine Ltd is focusing on expanding its capabilities in research and development and commercialization of new products and technologies, with a strong emphasis on customer satisfaction and quality systems.
- The company's profit after tax (PAT) was 1% lower than the same quarter of the previous year due to a nonrecurring wage code-related exceptional charge.
- Order bookings for the current quarter were down by about 26% year-on-year, impacted by certain orders not being finalized.
- The current quarter was affected by lower dispatches in the aftermarket, impacting overall margins.
- The US subsidiary posted a loss of INR21 crores for the nine-month period, affecting overall profitability.
- There is a noted lumpiness in order bookings and revenue recognition, which may continue into FY27, affecting predictability.
Ladies and gentlemen, good day, and welcome to the Triveni Turbine Limited Q3 FY26 earnings conference call. (Operator Instructions)
I now hand the conference over to Mr. Rishab Barar from CDR. Thank you, and over to you, sir.
Good day, everyone, and a warm welcome to all of you participating in the Q3 and nine months FY26 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; Mr. Manikantan Rajendran, Chief Marketing Officer; Ms. Shreya Sharma, Head of Investor Relations & Value Creation; and Amit Shah from the Investor Relations team. Before we begin, I would like to (technical difficulty) some statements made in today's (technical difficulty) forward-looking in nature and (technical difficulty) which was mailed to everybody earlier.
I would now like to emphasize that while this call is to
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