Triveni Turbine Reports Record FY26 Revenue, Driven by Export Surge and Aftermarket Growth
Triveni Turbine Limited (TTL) reported its performance for the fourth quarter and the full financial year (FY26) ended March 31, 2026. The company highlighted robust growth, driven significantly by increased export sales and strong order inflows in the aftermarket segment.For the quarter ended March 31, 2026, the company recorded its highest ever quarterly revenue at ₹ 6.80 billion, marking a 26.3% year-on-year (YoY) increase. During the same period, export revenue contributed substantially, accounting for 60% of the total revenue and increasing by 45.8% YoY. EBITDA stood at ₹ 1.44 billion, while Profit After Tax (PAT) increased by 7.7% YoY, reaching ₹ 1.02 billion.
The full year (FY26) also demonstrated strong growth, achieving a record annual revenue of ₹ 21.81 billion, a 9% increase over the previous year. Exports constituted 58% of the total revenue for FY26, having grown 30.1% YoY. Consolidated EBITDA reached ₹ 5.27 billion, and PAT was reported at ₹ 3.49 billion.
Consolidated Performance Summary
The financial results for Q4 FY26 and the full year FY26 show the following consolidated performance metrics:| Particulars | Q4 FY 26 | Q4 FY 25 | % Change | FY 26 | FY 25 | % Change |
|---|---|---|---|---|---|---|
| Revenue from Operations | 6,796 | 5,380 | 26.3% | 21,811 | 20,058 | 8.7% |
| EBITDA | 1,444 | 1,403 | 2.9% | 5,268 | 5,177 | 1.8% |
| EBITDA Margin | 21.2% | 26.1% | (478bps) | 24.2% | 25.8% | (164bps) |
| PBT before exceptional items | 1,347 | 1,321 | 2.0% | 4,901 | 4,885 | - |
| PBT Margin | 19.8% | 24.5% | (468bps) | 22.5% | 24.3% | (186bps) |
| Consolidated PAT* | 1019 | 946 | 7.7% | 3,494 | 3,586 | (2.5%) |
| Consolidated PAT Margin | 15.00% | 17.6% | - | 16.0% | 17.9% | - |
*PAT figures are reported in ₹ million.
Strong Order Backlog and Aftermarket Momentum
The order booking during Q4 FY26 was ₹ 7.47 billion, an increase of 19.0% YoY. For the full year, order booking remained resilient at ₹ 23.26 billion, with exports contributing 52% of the total order value.The company noted significant growth in its service segment, with the aftermarket order booking increasing substantially to 38% of the total order booking for the full year, up from 26% in FY25. The closing order book for FY26 stood at ₹ 20.5 billion, reflecting a 7.6% YoY increase.
The comprehensive order book summary details the segment contribution:
| Particulars | Q4 FY 26 | Q4 FY 25 | %Var | FY 26 | FY 25 | %Var |
|---|---|---|---|---|---|---|
| Order booking | ||||||
| Domestic | 2,316 | 4,399 | -47% | 11,057 | 11,042 | 0% |
| Exports | 5,155 | 1,881 | 174% | 12,199 | 12,585 | -3% |
| TOTAL | 7,471 | 6,280 | 19% | 23,256 | 23,627 | -2% |
| Aftermarket | 3,752 | 1,700 | 121% | 8,782 | 6,216 | 41% |
Management View and Outlook
The Company's Chairman & Managing Director commented on the performance, stating that TTL delivered a satisfactory performance for FY 2026 despite a challenging global environment marked by geopolitical disruptions and macroeconomic volatility. The results were driven by healthy execution and strong traction in both domestic and export markets.The global emphasis on energy efficiency, decarbonization, and decentralized power generation continues to drive demand, particularly in biomass and waste-to-energy sectors. The quarter was marked by record revenue and robust order booking momentum, supported by an improved mix with higher contributions from exports and the aftermarket segment.
Looking ahead, the Company remains confident of continuous growth in FY27, supported by a robust order backlog and a healthy inquiry pipeline across sectors like IPP, steel, cement, and oil & gas. TTL plans to leverage its strategic presence in the USA and South Africa and capitalize on emerging opportunities in geothermal and process industries across Europe, Southeast Asia, Africa, and the Americas.
TRITURBINE Stock Price Movement
Triveni Turbine Limited shares today slipped by 1.97% to settle at ₹596.65. Total volume for the stock reached 1.27 million shares today amid selling pressure.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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