Triveni Turbine Limited — PPTs, 04-08-2025: Investor Presentation

**1. Financial Highlights:**

Revenue stood at ₹371 Cr, a 20% decline year-on-year, with Profit After Tax (PAT) also down 20% to ₹64.4 Cr. Despite this, EBITDA margin improved by 100 basis points to 25.8%. Quarterly order booking saw a 16% dip to ₹53.6 Cr, but the outstanding order book surged 20% to a record ₹207.4 Cr, primarily driven by a robust 27% increase in domestic orders. Cash and investments are healthy at ₹100.5 Cr.

**2. Strategic Initiatives & Growth Drivers:**

The company has launched India’s first CO₂-based high-temperature ultra-efficient heat pump, capable of delivering heat up to 122°C with a Coefficient of Performance (COP) of 6. This innovative product targets industrial carbon reduction and expands their portfolio. Future growth is expected from a strong order backlog in API and IPG turbines, strategic expansion into high-potential markets like the USA, and an expanding aftermarket business.

**3. Business Developments:**

Q1 performance was impacted by geopolitical tensions which led to deferred dispatches and orders as international customers postponed travel for inspections. However, domestic order booking showed a strong rebound, growing 32% year-on-year, mitigating some of the export slowdown.

**4. Market Position & Competitive Advantage:**

As a top 2 global player in industrial steam turbines, the company reinforces its market leadership through its record outstanding order book, which has nearly doubled in three years. Its extensive global footprint across 80+ countries and continuous investment in design, research, and engineering capabilities provide a strong competitive advantage in delivering precision-engineered solutions.

**5. Investor Implications:**

Despite a challenging Q1 due to temporary deferments, management expresses confidence in maintaining its growth trajectory for the full financial year. The record order book provides strong visibility, and strategic product innovation coupled with global market expansion suggest positive growth potential. Investors should monitor the execution of deferred orders and geopolitical developments.