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Triveni Turbines shares fell 9% intraday on August 05 after weak Q1 results. Consolidated profit declined 20% YoY to Rs 371.3 crore.
Triveni Turbine shares fall 9% on Tuesday.
Triveni Turbine Share Price: Triveni Turbines shares fell 9 per cent intraday on Tuesday, August 05, following the weak Q1 results. The company reported a 20% year-on-year decline in consolidated profit to Rs 371.3 crore, as compared to Rs 463.3 crore in the same quarter last year. The scrip was trading at Rs 546.35 apiece around 2 pm with a fall of 7.43 per cent.
Both domestic and export segments witnessed weakness. Domestic sales dropped 24% YoY to Rs 188.2 crore, while exports fell 15% to Rs 183.1 crore.
The company also reported a marginal dip in earnings per share (EPS) to Rs 2.03, from Rs 2.52 a year ago.
On a standalone basis, Triveni posted a net profit of Rs 67 crore, slightly lower than Rs 69.4 crore in Q1 FY25. Revenue from operations dropped to Rs 344.6 crore from Rs 395.4 crore in the year-ago quarter. Standalone EPS stood at Rs 2.11, compared to Rs 2.18 in the corresponding quarter last year.
The company continues to operate in a single business segment—Power Generating Equipment and Solutions. In FY25, a gain of Rs 36 crore from the capital reduction of its wholly owned subsidiary was recorded as an exceptional item. While margins were under some pressure due to higher costs, the management remains focused on long-term growth and operational efficiency.
Commenting on the Company’s financial performance and recent developments, Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said:
“Performance in the quarter gone by was disappointing largely on account of deferment of dispatches and orders to coming quarters. Several international customers were reluctant to travel amid geopolitical uncertainties due to India-Pakistan and Israel-Iran tensions, resulting in postponement of inspections delaying the dispatches and revenue recognition. While we were anticipating performance to be back-ended and had indicated lumpy growth in the financial year, the quarter’s performance fell short of our expectations and proved to be more challenging. Despite this, concerted efforts are being made to realign operations and we are confident that on an annualized basis i.e. for the financial year FY 26, the Company can maintain its growth trajectory.
Order booking for the quarter stood at Rs 5.36 billion, a decline of 16% y-o-y due to lower export demand across products and aftermarkets. Order booking was also impacted by geopolitical tensions which delayed advance collections. The domestic order booking on the other hand recovered after few quarters of subdued performance and came in at Rs 2.85 billion, an increase of 32% y-o-y.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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