Triveni Turbine Reports Record FY26 Revenue And Strong Order Inflows

21 May 2026 CW Team

Triveni Turbine reported consolidated results for the fourth quarter and full year ended March 31, 2026, with figures in Rs million (mn). For the year, the company recorded its highest ever annual revenue of Rs 21,811 mn, up nine per cent, while Q4 revenue rose to Rs 6,796 mn, up 26.3 per cent. Exports accounted for 58 per cent of annual revenue and 60 per cent of Q4 sales, and the aftermarket contributed 27.5 per cent.

Full year EBITDA was Rs 5,268 mn, up 1.8 per cent, with a margin of 24.2 per cent, down 164 basis points. Q4 EBITDA was Rs 1,441 mn, up 2.9 per cent, with a margin of 21.2 per cent, down 478 basis points. Profit after tax for the year was Rs 3,491 mn, down 2.5 per cent, affected by an exceptional employee benefit charge of Rs 157 mn; adjusted PAT excluding this item was Rs 3,611 mn. Q4 PAT was Rs 1,019 mn, up 7.7 per cent.

Order booking in Q4 totalled Rs 7,471 mn, up 19 per cent year on year, driven by export orders of Rs 5,155 mn, which grew 174 per cent and comprised 69 per cent of bookings. Full year order booking was Rs 23,256 mn and the closing order book stood at Rs 20,539 mn, up eight per cent, with export orders at 51 per cent of the close. The aftermarket business gained traction, with annual aftermarket bookings of Rs 8,782 mn, up 41 per cent, and closing aftermarket orders of Rs 5,394 mn, up 107 per cent.

The company said a robust enquiry pipeline across industrial power, geothermal and refurbishment markets, along with footprints in the USA and South Africa, provides medium-term visibility, although geopolitical developments may cause term volatility. The board has recommended a final dividend of 200 per cent, equivalent to Rs 2.00 per share of Rs 1, taking the total dividend for FY 26 to Rs 4.25 per share. Management indicated confidence in sustaining growth in FY 27 supported by demand for energy efficiency and renewable thermal solutions.

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