Triveni Turbine shares fall most in over a year after profit declines 25% in June quarter

Shares of Triveni Turbine fell as much as 7.95%, its biggest single day fall in over a year, to hit an intraday low of ₹586.10 on the National Stock Exchange a day after it announced its June quarter earnings. On the BSE, Triveni Turbines shares dropped as much as 7.92% to an intraday low of ₹584.

Triveni Turbines post market hours on Monday reported a net profit of ₹50.5 crore in April-June quarter of current financial year, marking a decline of 25% from ₹67 crore in the same period last year.

Its revenue from operations, however, rose 15% to ₹397 crore in June quarter from ₹345 crore in the year-ago period.

Triveni Turbine reported weak operational performance as its earnings before interest, taxes, depreciation, and amortization (EBITDA) also known as operating profit declined 34% to ₹51 crore and its EBITDA margin declined by 9.5 percentage points to 12.85%.

Order booking for the quarter remained strong, growing 6.1% Y-o-Y to ₹568 crore, led by an increased share of exports and aftermarket, contributing 68% and 39% respectively to the total Q1FY27 order booking, strengthening our business mix, Triveni Turbine said in a press release.

Q1FY27 was a tough quarter, despite this, we delivered healthy top line growth, supported by execution across key businesses and an order backlog that provides visibility for the coming periods, the company added.

The order booking at the end of June quarter stood at ₹2,180 crore as compared to ₹2,074 crore a year ago, reflecting a growth of 5.1%.

Export orders accounted for 57% of the closing order book. The Aftermarket business continued to gain strong momentum, with closing orders increasing 115.1% annually to ₹624 crore and contributing 29% to the closing order book.

The robust order backlog provides strong revenue and margin visibility for the coming quarters, Triveni Turbine said.

Triveni Turbine said that it remains well positioned to sustain its growth momentum, supported by a healthy enquiry pipeline and a robust order backlog across both the product and aftermarket businesses.

“The revenue and profit outlook for H2FY27 remains positive, underpinned by our order book. Rising global demand for electricity and the ongoing transition toward cleaner and more energy efficient energy systems continue to create a favourable long-term environment, with opportunities across renewable thermal sources such as biomass and waste-to-energy, as well as geothermal, data centre, and SMR nuclear applications, coupled with continued investments across domestic and international industrial sectors,” the company added.

As of 11:15 am, Triveni Turbine shares 5.83% lower at ₹599, underperforming the NIFTY Smallcap 100 index which was up 0.31%.