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Earnings Call Transcript

Triveni Turbine Earnings Call Transcript: Key Takeaways

Triveni Turbine reports strong 19% revenue growth for Q1 FY27 but faced significant margin compression due to lower-margin domestic project execution and geopolitical freight delays affecting exports.

Guidance and delivery
Management target Revenue 10.0% FY27
Highlights
Revenue growthRevenue grew 19.2% YoY driven by domestic sales up 27.4%.
MarginsEBITDA margin compressed to 18% from 25.8% YoY due to mix.
Order bookClosing order book at 21.8 billion INR, up 5.1% YoY.
Demand visibilityStrong international inquiry book; domestic inquiry book showing broad-based softening.
Management confidenceOptimistic about H2 recovery despite current lumpy execution and margin pressure.

Growth

Revenue up 19.2% to 4.43 billion INR; export order booking grew 53% despite execution headwinds.

Outlook

Management expects double-digit growth in margins and revenue for the second half of FY27.

Risks

EBITDA margins fell from 25.8% to 18% due to project mix and freight costs.

Last quarter's promises, checked

Delivered

  • Guided H2 FY26 growth → delivered 125% YoY growth in H2 (= BEAT)
  • Guided FY26 revenue growth → delivered 9% growth to ₹21.81B (= BEAT)
  • Guided export revenue growth → delivered 30% YoY increase (= BEAT)

Partly delivered

  • Guided receivable liquidation → delivered reduction but H1 remains back-ended (= PARTIAL)

Missed

  • Guided long-term margin rates → delivered 18% vs 25.8% YoY (= MISS)
  • Guided API segment booking → delivered <10% share vs 10%+ target (= MISS)
Source

Earnings Call Transcript filed with NSE, NSE: TRITURBINE. Summary written with AI assistance from the document.

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Triveni Turbine Ltd: key numbers

Share price
₹554.20
Market cap
₹17,618 Cr
Revenue (annual)
₹2,181 Cr
Net profit (annual)
₹349.7 Cr
P/E (TTM)
52.4×Sector 53.6×
Promoter holding
55.84%+0.00% QoQ
FII holding
20.58%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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