Triveni Turbine Posts 19.2% Revenue Growth in Q1 FY27; Margins Suffer Due to Unfavorable Mix
Triveni Turbine Limited (TTL) announced its consolidated results for the first quarter of Fiscal Year 2027, ended June 30, 2026. While the company achieved a significant increase in revenue, profitability saw a decline, with margins being impacted by an unfavorable business mix and price escalation across strategic orders.The global steam turbine OEM delivered consolidated revenue from operations amounting to ₹ 4,427 million. This represented a strong year-on-year growth of 19.2%, compared to ₹ 3,713 million in Q1 FY26. However, the EBITDA stood at ₹ 797 million, marking a reduction of 16.8% YoY from the previous quarter's figure.
Profitability metrics reflected broader industry challenges. Profit Before Tax (PBT) declined by 20.1% YoY to ₹ 697 million. Consequently, Profit After Tax (PAT) stood at ₹ 511 million, a decline of 20.6% compared to the ₹ 644 million recorded in Q1 FY26.
Operational Resilience and Order Book Strength
Despite margin pressures, TTL reported solid growth in order intake for the quarter. Total order booking reached ₹ 5,683 million, an increase of 6.1% YoY from the previous year. The strength was primarily driven by exports and aftermarket business.Export order booking grew significantly by 53.4% YoY, reaching ₹ 3,842 million and contributing 67.6% of the total Q1 FY27 order intake. Meanwhile, the share of aftermarket order booking increased to 39.3% of the total, up 53.4% YoY to ₹ 2,236 million.
The company’s closing order book stood at a robust ₹ 21,796 million as of June 30, 2026, representing a growth of 5.1% compared to the previous year's standing orders. The Aftermarket business continued its momentum, with closing orders increasing by 115.1% YoY to ₹ 6,238 million and accounting for 28.6% of the total closing order book.
Management Commentary and Outlook
The Chairman & Managing Director commented that the quarter proved challenging but delivered necessary revenue growth, noting that margins were impacted by the unfavorable mix, price escalation, and the phased delivery of certain strategic projects.He highlighted the continued demand environment driven by the global focus on energy efficiency, decarbonization, and renewable thermal solutions across key markets including Southeast Asia, Africa, and North America.
TTL maintains a diversified inquiry pipeline spanning oil & gas, biomass, waste-to-energy, utility, geothermal, and process co-generation segments, both domestically (steel, cement, sugar) and internationally. The company stated that its diversity positions it well to mitigate near-term risks despite geopolitical uncertainties in the West Asia region.
Looking ahead, the company expressed confidence in sustaining growth momentum through H2 FY27. This outlook is underpinned by the healthy inquiry pipeline and a robust order backlog across both product and aftermarket businesses, supported by rising global demand for clean energy systems.
Financial Performance Summary (Consolidated)
The financial performance details for Q1 FY27 compared to Q1 FY26 are summarized in the table below:| Particulars | Q1 FY 27 (₹ Million) | Q1 FY 26 (₹ Million) | Percentage Change |
|---|---|---|---|
| Revenue from Operations | 4,427 | 3,713 | 19.2% |
| EBITDA | 797 | 958 | -16.8% |
| EBITDA Margin | 18.0% | 25.8% | |
| Profit Before Tax (PBT) | 697 | 873 | -20.1% |
| PBT Margin | 15.7% | 23.5% | |
| PAT | 511 | 644 | -20.6% |
| PAT Margin | 11.5% | 17.3% |
Consolidated Order Book Status (₹ Million)
The company's order book shows a healthy trend across its business segments:| Segment | Q1 FY 27 Orders | Q1 FY 26 Orders | Change |
|---|---|---|---|
| Total Order Booking | 5,683 | 5,355 | Up 6.1% |
| Exports (Order booking) | 3,842 | 2,505 | Up 53.4% |
| Aftermarket (Order booking) | 2,236 | 1,458 | Up 53.4% |
| Total Closing Order Book | 21,796 | 20,736 | Up 5.1% |
| Domestic (Closing orders) | 9,443 | 9,140 | Up 3.3% |
| Exports (Closing orders) | 12,353 | 11,596 | Up 6.5% |
| Aftermarket (Closing orders) | 6,238 | 2,900 | Up 115.1% |
TRITURBINE Stock Price Movement
Shares of Triveni Turbine Limited settled lower today, shedding 0.54% to close at ₹636.75 in the post-market session. The equity saw a traded volume of 455,628 shares during the day's trading activity.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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