Triveni Turbine sees record order bookings despite flat Q2 revenue

Triveni Turbine Limited announced record order bookings of INR 6.52 bn for the quarter ended September 30, 2025, a 14% increase year-over-year. This was primarily fueled by a strong 52% surge in domestic order booking to INR 4.07 bn, now contributing 62% to the total. The closing order book also reached an all-time high of INR 22.20 bn, up 24% year-over-year.

Despite this, revenue from operations for Q2 FY2026 remained flat at INR 5.06 bn, with a marginal 2% decline in the product segment to INR 3.29 bn. However, the aftermarket segment achieved a record turnover of INR 1.78 bn, an 8% increase, boosting its contribution to 35% of total turnover. Export sales increased by 27% to INR 2.82 bn, now accounting for 56% of total sales. The company's H1 FY2026 revenue declined 9% year-over-year to INR 8.78 bn, with profit after tax also down 9.1% year-over-year.

Triveni Turbine remains optimistic about future growth, particularly in the steel, cement, and utility power drive turbine markets domestically, and through its expanding aftermarket solutions and new product introductions like CO2-based heat pumps and mechanical vapor recompression compressors. The acquisition of the remaining 30% equity stake in TSE Engineering Pty. Limited for ZAR 10.97 million is set to consolidate ownership and streamline operations.