Triveni Turbine spurts up

Triveni Turbine is in the limelight as it posted a very good set of earnings for Q2FY25.

It posted its highest ever quarterly Revenue and EBITDA along with a record Closing Order Book providing good visibility for the near-term.

Its revenue came in at Rs.501 crore, up 29% (YoY) on which EBITDA was at Rs.131 crore, up 47%. Margins rose by a good 320 bps to 26.1%. PAT for the quarter was at Rs.91 crore, up 42%.

Export as % of sales stood at 44% in Q2 FY 25 as compared to 45% in the previous year.

The company’s order book stands at a healthy Rs.572 crore, up 25%. The company’s outstanding carry forward order book is at a new high at Rs.1796 crore, up 22% .

Investments including cash stood at Rs. 10.64 billion, an increase of 21% from March 31, 2024.

Aftermarket segment registered an all-time high order booking of Rs. 1.74 billion during the quarter, growing by 13%. The aftermarket turnover was also a record Rs.1.65 billion during the quarter, up 38% and its contribution to turnover was 33% in Q2 FY 25, up from 31%.

Looking ahead, the company expects to maintain robust business performance in the medium-term and this is supported by a substantial backlog of orders in Renewable, API and IPG (Industrial Power Generation) turbines, along with successful market expansions.

The stock, which had closed yesterday at Rs.626.05, opened today at Rs.671.95 and went on to hit an intraday high at Rs.699.95, up 12%. Its 52-week high is at Rs.842.55.