Triveni Turbine shares surge 10% after company achieves highest-ever revenue in March quarter

Shares of Triveni Turbine, the Noida-based heavy electrical equipment maker, surged as much as 10% to hit an intraday high of ₹655 on the National Stock Exchange (NSE) on Tuesday, May 19, a day after it reported its March quarter earnings.

Triveni Turbine post market hours on Monday said that it earned a net profit of ₹102 crore in January-March quarter, marking an increase of 8.5% from ₹94 crore in the year-ago period.

The company's revenue from operations jumped 26% to a record ₹680 crore from ₹538 crore. For financial year 2025-26, revenue rose 9% to ₹2,181 crore.

Exports contributed 58% of total revenue and grew 30.1% year on year (YoY). Aftermarket revenue contributed 27.5%, down 6.7% YoY.

The Noida-based company reported stable operational performance as its earnings before interest, taxes, depreciation, and amortization (EBITDA) also known as operating profit rose 7% to ₹129 crore but its EBITDA margin contracted by 340 basis points to 18.9%.

Triveni Turbine said that its order bookings in FY26 remained resilient at ₹2,326 crore, marginally down by 1.6% YoY, with exports contributing 52% of the order bookings. Its outstanding order book came in at ₹2,050 crore.

“Despite a challenging global environment marked by geopolitical disruptions, tariff-related uncertainties, and macroeconomic volatility, we delivered a satisfactory performance for FY 2026, driven by healthy execution across key businesses and strong traction from both domestic and export markets," said Dhruv Sawhney, Chairman & Managing Director, Triveni Turbine.

Triveni Turbine remains well positioned to sustain its growth momentum, supported by a healthy enquiry pipeline and a robust order backlog across the API and Industrial Power Generation (IPG) segments, the company said while sharing its future outlook.

"Our strategic presence in the USA and South Africa, backed by dedicated manufacturing facilities, further strengthens our ability to address opportunities across global markets. While the evolving geopolitical environment, particularly disruptions in West Asia, may lead to near-term volatility and quarterly fluctuations in order inflows and execution timelines, we remain confident of sustaining growth in FY27, which is expected to be back-ended similar to FY26, supported by a diversified market presence, a healthy enquiry pipeline, and strong execution capabilities," the company added.

As of 1:43 pm, Triveni Turbine shares traded 4.7% higher at ₹624, outperforming the NIFTY Smallcap 100 index which was up 1.3%.