Triveni Turbine Ltd (BOM:533655)

Q1 2027 Triveni Turbine Ltd Earnings Call Transcript

Aug 11, 2026 / 07:00 AM GMT

Release Date Price: ₹600.5 (-5.31%)

Transcript

Key Points

Positve

Triveni Turbine Ltd (BOM:533655) reported a 19.2% year-on-year increase in revenue from operations, reaching Rs4.43 billion, driven by strong domestic sales growth of 27.4%.
Export order booking grew significantly by 53.4% year-on-year, accounting for 68% of total order bookings, reflecting strong traction in Southeast Asia, Africa, and Europe.
The aftermarket order booking surged 54% year-on-year, contributing 39% of total order bookings, with closing orders increasing 115% to Rs6.24 billion, driven by wins in geothermal and utility segments.
The company's closing order book improved 5.1% year-on-year to Rs21.8 billion, with exports accounting for 57%, indicating a stronger and higher-margin business mix.
Management remains optimistic about full-year FY27 growth in both revenue and profitability, expecting a back-ended recovery with margins improving in the second half, supported by a stronger order book and rupee benefits.
The company is investing in new technologies like Organic Rankine Cycle (ORC) and heat pumps, expanding its solution offerings and entering new markets such as data centers and small modular reactors in the US.
The balance sheet improved during the quarter, with a reduction in receivables, a reversion to negative working capital, and an increase in cash balance.

Negative

EBITDA margin declined sharply to 18% from 25.8% in Q1 FY26, and profit before tax margin fell to 15.7% from 23.5%, due to a softer order mix and execution of lower-margin orders.
Domestic product order booking witnessed a slowdown, declining 35.4% year-on-year, with a broad-based weakness in the domestic market and longer customer decision-making timelines.
The execution of certain strategic orders, including the NTPC CO2-based energy storage project taken at near-zero margins, negatively impacted profitability, with revenue contribution expected to continue into Q2.
Export order dispatches were delayed by clients due to a three-to-four-fold increase in freight rates and vessel availability issues, causing revenue recognition to be pushed to later quarters.
The US subsidiary incurred a substantial loss in Q1, as anticipated, due to a lack of existing order book, with the facility not expected to reach high utilization levels this year.
Geopolitical uncertainties continue to cause volatility in both dispatch schedules and order booking, leading to lumpiness in quarterly performance, which management expects to persist for a few more quarters.
The domestic inquiry pipeline has declined, and while the international market shows strength, regions like North Africa, the Middle East, and South Asia remain depressed.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TRVT.NS - Triveni Turbine Ltd
Q1 2027 Triveni Turbine Ltd Earnings Call
Aug 11, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to the 3NE Turbine Q1 FI27 Earnings Conference Call.

As a reminder, all participant lines will be in the listen-only mode and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need assistance during the conference call, please signal an operator by pressing then 0 on your touchstone phone.

Please note that this conference is being recorded.

I now have the conference over to Mr. Garan Bisa from CDR India.

Thank you, and over to you, sir.

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Unidentified_2 [2]
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