Triveni Turbine Q2 PAT falls 41.6% YoY to Rs 53 cr

Revenue declined 3% to Rs 491 crore in Q2 FY27 from Rs 506 crore in the corresponding quarter last year.

Profit before tax (PBT) declined 39.2% YoY to Rs 75.7 crore in Q2 FY27. PBT margin declined to 15.4% from 24.6% in Q2 FY26. EBITDA stood at Rs 85.8 crore, with an EBITDA margin of 17.5% compared with 26.3% in the corresponding quarter last year.

Domestic sales increased 51.8% YoY to Rs 340 crore, while export sales declined 46.6% to Rs 151 crore. Exports contributed 30.7% to revenue as against 55.7% in Q2 FY26. Product revenue grew 4.4% to Rs 343 crore, while aftermarket revenue declined 16.7% to Rs 148 crore.

The company recorded its highest-ever quarterly order booking of Rs 764 crore in Q2 FY27, registering a 17.2% YoY increase. Export order booking increased 49.8% to Rs 368 crore, while product order booking rose 32.5% to Rs 601 crore. Aftermarket order booking declined 17.8% to Rs 164 crore, while domestic order booking fell 2.5% to Rs 397 crore.

The closing order book stood at Rs 2,453 crore as on 30 September 2026, up 10.5% from Rs 2,220 crore a year ago. Export orders increased 29.3% to Rs 1,452 crore, accounting for 59.2% of the total order book. Aftermarket closing orders more than doubled to Rs 639 crore, accounting for 26.1% of the order book.

Separately, the company approved an enhancement of its corporate guarantee for its step-down wholly owned subsidiary, Triveni Turbines Africa Pty Limited (TTAPL), South Africa. The company will enhance the corporate guarantee in favour of a leading bank by up to $6 million for a non-fund-based working capital facility to be availed by the subsidiary. This will increase the aggregate facility limit from $9 million to $15 million.

The company stated that the promoter, promoter group and group companies have no interest in the transaction. Under the arrangement, if the subsidiary fails to honour a claim under the facility, the bank will have the right to recover the amount covered by the guarantee from Triveni Turbine.

Shares of Triveni Turbine shed 0.86% to Rs 510 on the BSE.

Powered by Capital Market - Live News