Triveni Turbine Ltd Q3 FY25 Results & Concall Highlights: Revenue, Margins & Order Book
Published 14 Jun 2026 | Electrical Equipment | Market Cap: ₹19.8K Cr
The company expects robust business performance and sustained growth over the medium term, supported by a strong enquiry and order book providing good visibility for the coming years. The company is confident of sustaining robust business performance over the medium term, supported by a strong enquiry and order book.
From Triveni Turbine Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.
Price
₹575
Market Cap
₹19.8K Cr
P/E Ratio
54.9
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Triveni Turbine Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹680 Cr, net profit ₹102 Cr.
Full financials →📊 Revenue & Sales Performance
- →The company expects robust business performance and sustained growth over the medium term, supported by a strong enquiry and order book providing good visibility for the coming years.
- →Domestic market demand has recently been subdued but enquiry pipeline shows strong growth (75% YoY for nine months), indicating a likely rebound in domestic order booking.
- →Export order booking grew 9% YoY in Q3, driven by renewable energy segments such as waste-to-energy and biomass.
- →Expansion into newer product segments like CO2-based energy storage and larger turbines is expected to add to growth.
- →Aftermarket and refurbishment services are seen as significant growth segments, expected to grow faster than product sales.
- →Capacity expansion and increased R&D investments (₹120-₹150 crore over two years) will support higher production volumes.
- →Geographical and product diversification aims to sustain growth despite market volatility.
- →The company aims to maintain steady growth rates rather than rapid spikes to ensure execution excellence and customer satisfaction.
📈 Profitability & Margins
- →The company is confident of sustaining robust business performance over the medium term, supported by a strong enquiry and order book.
- →Q3 FY25 reported the highest ever quarterly revenue and EBITDA with 17% and 30% YoY growth respectively; PAT grew 36% YoY.
- →Export order booking grew 9% YoY, contributing 66% of overall order intake, indicating strong international demand.
- →Domestic demand remains subdued but enquiry book is up 75% YoY, suggesting a potential rebound.
- →New product introductions and diversification into emerging segments like CO2-based long-duration energy storage are expected to support future growth.
- →Capex will increase to ₹120-₹150 crore over the next couple of years for capacity and R&D expansions to sustain growth.
- →The company anticipates normalized margins on new segments as value engineering progresses.
- →Interim dividend increased by 54%, reflecting confidence in earnings.
- →Overall outlook is for continued growth and expanding margins, with a record order book providing good visibility.
🏗️ Capital Expenditure Plans
- →Triveni Turbines plans to increase capex significantly from previous levels of ₹30-40 crore annually to around ₹120-150 crore over the next couple of years.
- →The investments will focus on expanding manufacturing capacity, including setting up an additional bay at the Bangalore facility.
- →Capital investment will be directed towards enhancing R&D infrastructure, including modern test beds and physical infrastructure for new product testing.
- →There is a strong emphasis on indigenising capabilities, particularly for advanced technologies like CO2-based energy storage systems.
- →The Company is also investing in manpower and software to support increased R&D efforts.
- →Strategic investments include expanding presence in new markets like the U.S. and South Africa, requiring infrastructure and workforce augmentation.
- →The CO2 turbine and long-duration energy storage project at NTPC mark a strategic thrust into new technology domains necessitating further capital deployment.
- →Overall, these investments aim to support technological innovation and sustainable medium-to-long-term growth.
💰 Fundraising & Capital Structure
- →The transcript does not mention any current or planned fundraising activities through debt or equity.
- →There is no specific discussion about raising capital via issuance of shares or taking on new loans.
- →The company plans to invest ₹120-₹150 crore over the next couple of years in capacity expansion and R&D infrastructure, which appears to be funded internally.
- →There is mention of ongoing operational investments, particularly for the U.S. market and CO2 turbine projects, but no reference to external financing.
- →Overall, the company seems focused on sustaining growth through existing resources rather than immediate fundraising.
📋 Order Book & Pipeline
- →As of December 31, 2024, the total outstanding order book stands at ₹18.2 billion, a 15% increase YoY.
- →Domestic outstanding order book is ₹6.4 billion, down 22% YoY.
- →Export outstanding order book is ₹11.8 billion, up 55% YoY, contributing 65% to the total order book.
- →For the 9-month period, order booking is ₹17.3 billion, up 20% YoY.
- → - Domestic order booking declined 3% to ₹6.6 billion.
- → - Export order booking increased 41% to ₹10.7 billion, constituting 62% of total bookings.
- →Q3 order booking was ₹5.3 billion, largely flat YoY.
- →Export order booking in Q3 grew 9% YoY to ₹3.46 billion, contributing 66% of overall Q3 orders.
- →Despite subdued domestic orders in Q3, the enquiry book for domestic orders is up 75% YoY, indicating a potential rebound.
Key Metrics
Frequently Asked Questions
What were Triveni Turbine Ltd Q3 FY25 results?
The company expects robust business performance and sustained growth over the medium term, supported by a strong enquiry and order book providing good visibility for the coming years. The company is confident of sustaining robust business performance over the medium term, supported by a strong enquiry and order book.
What is Triveni Turbine Ltd share price analysis?
Triveni Turbine Ltd currently shows a neutral. The stock trades at a P/E of 54.9 with a market cap of ₹19,819 Cr. Investors should review the full earnings analysis for detailed insights.
Is Triveni Turbine Ltd planning capital expenditure?
Triveni Turbines plans to increase capex significantly from previous levels of ₹30-40 crore annually to around ₹120-150 crore over the next couple of years. - The investments will focus on expanding manufacturing capacity, including setting up an additional bay at the Bangalore facility. - Capital investment will be directed towards enhancing R&D infrastructure, including modern test beds and physical infrastructure for new product testing. - There is a strong emphasis on indigenising capabilities, particularly for advanced technologies like CO2-based energy storage systems. - The Company is also investing in manpower and software to support increased R&D efforts. - Strategic investments include expanding presence in new markets like the U.S.
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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.