One of the turbine manufacturing stocks engaged in the business of manufacturing and supply of power-generating equipment and solutions. The stock has skyrocketed by 10.06 percent after the announcement of the quarterly results. The company’s revenue increased by 29.44 percent YOY to Rs. 501.1 crore, and net profit increased by 42.19% YOY to Rs. 91 crore.
Stock Movement
After announcing its quarterly results, Triveni Turbine Limited‘s share has sky rocket by 10.06 percent from the previous close of Rs. 626.05. The stock opened at Rs. 671.95 and is currently trading at Rs. 689, with a high of Rs. 699.95 and a low of Rs. 663.65. The market capitalization now stands at approximately Rs. 21,885.83 crore.
Q2 FY25 Result Walkthrough
Coming into the quarterly results of Triveni Turbine Limited, the company’s consolidated revenue from operations increased by 29.22 percent YOY, from Rs. 387.8 crore in Q2 FY24 to Rs. 501.1 crore in Q2 FY25, and grew by 8.16 percent QoQ from Rs. 463.3 crore in Q1 FY25.
Triveni Turbine Limited’s revenue from domestic sales is up by 32% YOY to Rs. 279 crore, and export sales increased by 26% YOY to Rs. 222 crore in Q2 FY25.
Further, the company’s EBITDA margin has increased by 320 bps, from 22.9% in Q2 FY24 to 26.1% in Q2 FY25. The PAT margin has reached to 18.2%, which is higher by 170 bps YOY in Q2 FY25
In Q2 FY25, Triveni Turbine Limited’s consolidated net profit increased by 42.19% YOY, reaching Rs. 91 crore compared to Rs. 64 crore during the same period last year. As compared to Q1 FY25, the net profit has increased by 13.18 percent, from Rs. 80.4 crore.
The basic earnings per share increased by 13.1% and stood at Rs 2.85 as against Rs 2.52 recorded in the previous quarter FY25.
In terms of return ratios, Triveni Turbine Limited’s share ROE and ROCE are currently at 31.3 percent and 41.5 percent, respectively. Triveni Turbine Limited has a debt-to-equity ratio of 0.01x, which shows the company is almost debt-free.
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Order book of Triveni Turbine
Triveni Turbine Limited showed impressive growth in H1 FY25, with order booking increasing by 32% to reach ₹12,082 million in H1 FY25. The company’s export performance was particularly strong, growing 50% year-over-year and comprising 53% of total orders. The company’s closing order book hit a record high of ₹17,963 million, which is up 22% with exports contributing 61% of the total order book.
Shareholding
In September 2024, Triveni Turbine Limited had a majority stake held by the promoters at 55.84 percent, foreign institutional investors at 28.09 percent, domestic institutional investors at 10.81 percent, the public at 3.94 percent, and the others at 1.32 percent.
Company Overview
Triveni Turbine Limited stands as India’s leading manufacturer of industrial steam turbines based in Bengaluru, Karnataka. The company excels in producing power generation equipment, serving over 20 industries across 75 countries worldwide.
The company’s product lineup features backpressure, condensing, API, and smart turbines, powering diverse sectors from biomass to petrochemicals. With 6,000 turbines installed globally, Triveni delivers reliable solutions to industries like sugar, cement, textiles, and renewable energy.
Written By – Nikhil Naik
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