Triveni Turbine Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

TRIVENI TURBINE LTD saw flat Q2 growth but recorded a 14% YoY surge in order bookings to ₹652 Cr, pushing the closing order book to an all-time high of ₹2,220 Cr, up 24% YoY. Aftermarket revenue hit a record ₹178 Cr, growing 8%. Domestic orders jumped 52% to ₹407 Cr, offsetting a 19% dip in export orders due to global uncertainties, especially US tariffs. Management expects back-ended FY26 revenue growth, driven by a robust enquiry pipeline in domestic sectors (steel, cement, utility drive turbines) and international markets. New products like CO2 heat pumps and MVR are gaining traction. Outlook remains confident, emphasizing diversification and operational agility.