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Triveni Turbine COO Sachin Parab Resigns Effective October 1, 2026
Triveni Turbine Limited announced that its Chief Operating Officer (COO) and Key Managerial Personnel (KMP), Mr. Sachin Parab, has resigned to pursue opportunities outside the organization. The resignation took effect at the close of business hours on October 1, 2026. The departure comes as the company targets significant execution in H2 FY26 with a TTM revenue base of ₹2,185 Cr. Investors should note whether an immediate successor or interim operational leadership is appointed.
Confidence: HIGH
What changedMr. Sachin Parab stepped down from his position as Chief Operating Officer and KMP of Triveni Turbine Limited.
Why it mattersThe COO oversees core manufacturing and supply chain coordination, which is critical for meeting execution targets and maintaining high operating margins (~19.6% TTM).
Effective cessation date: October 1, 2026TTM Revenue Context: ₹2185 Cr
📅 Short termMay cause minor operational focus shifts internally; market reaction is typically mild unless leadership succession faces unexpected delays.
📈 Long termLimited, provided the company executes a smooth handover to internal or external leadership without disruption to manufacturing cycles.
⚠ Risk flags
- Execution disruption during leadership transition
- Dependency on vendor coordination in H2
Key Highlights
Chief Operating Officer Sachin Parab tendered his resignation to explore outside opportunities.
Resignation is effective from the close of business hours on October 1, 2026.
Company is currently managing vendor and subcontracting execution against a TTM revenue base of ₹2,185 Cr.
👀 What to Watch
Track the upcoming quarterly earnings commentary and announcements for details on the new COO appointment and any operational transition plans.
Q1 FY27 Concall: Order Book Reaches ₹2,180 Cr (+5.1% YoY); EBITDA Margin Drops to 18%
Triveni Turbine reported Q1 FY27 revenue growth of 19.2% YoY to ₹4.43 billion (₹443 crore), though EBITDA margin contracted to 18.0% from 25.8% in Q1 FY26 due to delivery phasing and project mix. Order intake rose 6.1% YoY to ₹5.68 billion (₹568 crore), powered by a 53.4% surge in export orders, which accounted for 68% of fresh bookings. The closing order book stood at ₹21.8 billion (~₹2,180 crore), which represents ~100% of TTM revenue (₹2,185 crore), with the aftermarket segment backlog up 115% YoY to ₹6.24 billion. Management reiterated that revenue and profit growth for FY27 will be back-ended into the second half as higher-margin export contracts are executed.
Confidence: HIGH
What changedFiling of the formal transcript of the Q1 FY27 earnings conference call held on August 11, 2026.
Why it mattersClarifies that the sharp margin compression in Q1 was temporary (driven by order scope phasing) and outlines strong international and aftermarket pipeline conversion.
Q1 FY27 Revenue: ₹4.43 billionQ1 FY27 EBITDA Margin: 18%Closing Order Book: ₹21.8 billionOrder Book vs TTM Revenue: ~100%Export Order Inflow Growth: 53.4% YoY
📅 Short termFirst-half margin softness may temper near-term price momentum until delivery schedules ramp up in H2 FY27.
📈 Long termExpanding international reach and a doubling aftermarket backlog (₹6.24 billion) support sustained high-ROCE growth and margin normalization over the medium term.
⚠ Risk flags
- Domestic product order booking declined 35.4% YoY during the quarter
- Dependency on vendor and subcontractor execution capacity to meet back-ended H2 FY27 targets
Key Highlights
Revenue grew 19.2% YoY to ₹4.43 billion, while domestic sales expanded 27.4% to ₹2.4 billion.
EBITDA margin compressed to 18.0% (₹797 million) vs 25.8% in Q1 FY26 due to strategic order delivery phasing.
Order intake rose 6.1% YoY to ₹5.68 billion, led by a 53.4% increase in export order bookings.
Total closing order book reached ₹21.8 billion, with aftermarket order book up 115% YoY to ₹6.24 billion.
👀 What to Watch
Track execution delivery and gross margin trajectory in Q2 and H2 FY27 to verify if operating margins recover toward historical ~22-25% levels as guided.
Q1 FY27: 19.2% Revenue Growth to ₹443 Cr; EBITDA Margins Contract to 18%
Triveni Turbine reported a 19.2% YoY revenue growth to ₹443 crore for Q1 FY27, supported by a 27.4% increase in domestic sales. However, EBITDA fell 16.8% to ₹79.7 crore, with margins contracting sharply to 18.0% from 25.8% in the previous year due to an unfavorable project mix and strategic order costs. The order intake remained healthy at ₹568 crore, driven by a 53.4% surge in export orders. The total order backlog stands at ₹2,180 crore, providing roughly one year of revenue visibility.
Confidence: HIGH
What changedThe company experienced a significant margin compression in Q1 FY27 despite revenue growth, primarily due to a higher share of domestic revenue and specific strategic project costs.
Why it mattersWhile the top-line growth remains robust, the margin volatility highlights the impact of project mix on profitability; however, the record aftermarket order book suggests a structural shift toward higher-margin recurring revenue in the long term.
Revenue (Q1 FY27): ₹443 crEBITDA Margin: 18.0%Order Backlog: ₹2,180 crBacklog vs TTM Revenue: 104.4%Export Order Growth: 53.4%PAT (Q1 FY27): ₹51.1 cr
📅 Short termThe stock may see near-term pressure as the market reacts to the sharp decline in EBITDA margins and PAT compared to the previous year.
📈 Long termThe structural outlook remains positive given the 53% growth in high-margin export orders and the doubling of the aftermarket backlog, which should support margin recovery over the next 2-4 quarters.
⚠ Risk flags
- Margin volatility due to project mix
- Geopolitical risks in West Asia affecting export execution
- 35.4% YoY decline in domestic product order booking
Key Highlights
Revenue from operations increased 19.2% YoY to ₹443 crore.
EBITDA margins declined by 780 basis points to 18.0% from 25.8% in Q1 FY26.
Export order booking grew 53.4% YoY to ₹384 crore, contributing 68% of total quarterly intake.
Closing order book reached ₹2,180 crore, up 5.1% YoY.
Aftermarket order book more than doubled to ₹624 crore, representing 29% of the total backlog.
👀 What to Watch
Monitor the margin recovery trajectory in H2 FY27 as the company executes its higher-margin export and aftermarket order backlog. Watch for any execution delays arising from geopolitical uncertainties in West Asia.
$12M Corporate Guarantees for Subsidiaries and Q1 FY27 Results Announced
Triveni Turbine Limited (TTL) has approved corporate guarantees totaling $12 million (approx. ₹100 cr) to support non-fund based working capital for its Dubai and South Africa subsidiaries. The company also reported Q1 FY27 consolidated revenue of ₹442.7 cr, a 19.2% YoY increase from ₹371.3 cr. However, consolidated net profit for the quarter declined 20.6% YoY to ₹51.1 cr, down from ₹64.4 cr in the previous year's corresponding quarter. The guarantees represent approximately 8.1% of the company's net worth, facilitating international market expansion.
Confidence: HIGH
What changedThe company has extended financial backing to its international step-down subsidiaries and reported a mix of revenue growth and profit decline for the first quarter of FY27.
Why it mattersThe guarantees enable international subsidiaries to bid for and execute larger global contracts, aligning with the company's strategy to target global markets, though the Q1 profit dip warrants a closer look at operating costs.
Total Guarantee Value: $12 millionGuarantee vs Net Worth: ~8.1%Q1 FY27 Revenue Growth (YoY): 19.2%Q1 FY27 Net Profit Decline (YoY): 20.6%Consolidated EPS (Q1): ₹1.60
📅 Short termThe stock may face pressure due to the year-on-year decline in net profit, despite the growth in revenue and international expansion support.
📈 Long termStrengthening international subsidiaries is structurally positive for global market share, provided the company can stabilize margins as it scales.
⚠ Risk flags
- Contingent liability from corporate guarantees
- Margin compression in Q1 FY27
- Dependency on international subsidiary performance
Key Highlights
Approved corporate guarantees of $3 million for Dubai subsidiary and $9 million for South Africa subsidiary.
Consolidated Revenue for Q1 FY27 grew 19.2% YoY to ₹442.7 cr (₹4,427 million).
Consolidated Net Profit for Q1 FY27 decreased 20.6% YoY to ₹51.1 cr (₹511 million).
Standalone Revenue contributed ₹396.8 cr, representing nearly 90% of consolidated operations.
Total Comprehensive Income for the quarter stood at ₹59.9 cr.
👀 What to Watch
Investors should monitor the reasons behind the margin compression in Q1 despite healthy revenue growth and track the utilization of new credit lines in international subsidiaries for order execution.
Triveni Turbine Q1 Revenue Up 19% to ₹443 Cr; Board Approves $12M in Corporate Guarantees
Triveni Turbine reported a 19.2% YoY increase in consolidated revenue to ₹442.7 Cr for Q1 FY27. However, consolidated net profit declined by 20.6% to ₹51.1 Cr, down from ₹64.4 Cr in the year-ago period, indicating significant margin pressure. The Board also approved corporate guarantees totaling USD 12 million for its Dubai and South Africa subsidiaries to facilitate non-fund based working capital. Standalone Profit Before Tax (PBT) saw a sharp decline to ₹67.0 Cr from ₹89.0 Cr YoY, despite higher sales.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results and extended financial support to its international subsidiaries through new corporate guarantees.
Why it mattersThe profit contraction in a high P/E (54.5) stock is a concern for short-term valuation. The $12M guarantee highlights the company's focus on scaling international operations in Dubai and South Africa.
Consolidated Revenue (Q1 FY27): ₹442.7 CrConsolidated PAT (Q1 FY27): ₹51.1 CrTotal Corporate Guarantees: USD 12 millionGuarantee vs Net Worth: ~8.2%YoY Revenue Growth: 19.2%YoY PAT Growth: -20.6%
📅 Short termThe stock may face downward pressure in the near term as the market reacts to the significant year-on-year decline in profitability and EPS.
📈 Long termThe structural focus on international markets (Dubai/Africa) remains intact, but the company needs to demonstrate margin recovery to sustain its premium valuation.
⚠ Risk flags
- Margin contraction (PBT fell despite higher revenue)
- Contingent liability from $12M corporate guarantees
- Increased cost of materials consumed (₹248.3 Cr vs ₹163.8 Cr standalone)
Key Highlights
Consolidated revenue increased 19.2% YoY to ₹442.7 Cr in Q1 FY27.
Consolidated Net Profit fell 20.6% YoY to ₹51.1 Cr from ₹64.4 Cr.
Approved USD 12 million in corporate guarantees for subsidiaries in Dubai ($3M) and South Africa ($9M).
Standalone Profit Before Tax (PBT) decreased to ₹67.0 Cr from ₹89.0 Cr YoY.
Consolidated EPS for the quarter dropped to ₹1.60 from ₹2.03 in Q1 FY26.
👀 What to Watch
Investors should investigate the cause of the 20% profit decline despite 19% revenue growth, likely due to higher raw material costs or a less favorable product mix. Monitor the utilization of the $12M credit lines for international order execution.
Q1 FY27 Results: Revenue up 19% to ₹443 Cr, PAT down 20.6% to ₹51 Cr; ₹100 Cr Guarantees Issued
Triveni Turbine reported a 19.2% YoY increase in consolidated total income to ₹442.7 Cr for the quarter ended June 30, 2026. However, Net Profit after tax declined by 20.6% YoY to ₹51.1 Cr, resulting in a lower EPS of ₹1.60 compared to ₹2.03 in the previous year. The Board also approved corporate guarantees totaling USD 12 million (~₹100 Cr) for its Dubai and South Africa subsidiaries to support their working capital requirements. The results indicate a significant margin contraction despite healthy top-line growth.
Confidence: HIGH
What changedThe company reported its Q1 FY27 financial results showing a disconnect between revenue growth and profitability, and increased its financial commitment to overseas subsidiaries through new corporate guarantees.
Why it mattersThe profit decline despite revenue growth suggests rising input costs or a less favorable product mix. The USD 12 million guarantee represents approximately 8% of the company's net worth, highlighting a focused but risk-bearing international expansion strategy.
Consolidated Revenue (Q1 FY27): ₹442.7 CrConsolidated PAT (Q1 FY27): ₹51.1 CrYoY Revenue Growth: 19.2%YoY PAT Growth: -20.6%Total Corporate Guarantees: USD 12 millionGuarantee vs Net Worth: ~8.1%
📅 Short termThe stock may face downward pressure in the short term as the market reacts to the significant decline in profitability and EPS despite the revenue growth.
📈 Long termLong-term prospects depend on the company's ability to restore margins through its new CO2 turbine and heat pump technologies and the successful scaling of its international aftermarket business.
⚠ Risk flags
- Margin compression
- Liability risk from USD 12 million corporate guarantees
- Potential slowdown in global capex impacting order inflows
Key Highlights
Consolidated Total Income increased 19.2% YoY to ₹442.7 Cr from ₹371.3 Cr.
Consolidated Net Profit fell 20.6% YoY to ₹51.1 Cr from ₹64.4 Cr.
Approved USD 12 million in corporate guarantees for subsidiaries in Dubai (USD 3M) and South Africa (USD 9M).
Standalone revenue from operations grew 15.1% YoY to ₹396.8 Cr.
Consolidated EPS declined to ₹1.60 from ₹2.03 in the year-ago quarter.
👀 What to Watch
Investors should monitor management commentary regarding the causes of margin compression and the execution timeline of the ₹652 Cr order book. The performance of international subsidiaries in Dubai and South Africa will be critical given the new ₹100 Cr guarantee exposure.
Triveni Turbine FY26 Revenue Hits Record ₹21.81B; Q4 Export Orders Surge 174% YoY
Triveni Turbine reported its highest-ever annual turnover of ₹21.81 billion in FY26, a 9% YoY growth driven by a 30% increase in export revenues. Q4 FY26 showed strong momentum with record quarterly revenue of ₹6.8 billion and a 174% surge in export order bookings to ₹5.16 billion. While EBITDA margins remained healthy at 24.2%, PAT declined 3% YoY to ₹4.9 billion (before tax) due to a ₹157 million exceptional charge for employee benefits. The company ended the year with a record closing order book of ₹20.54 billion, providing strong visibility for FY27.
Key Highlights
Achieved record annual revenue of ₹21.81 billion, up 9% YoY, with exports contributing 58% of total sales.
Q4 FY26 export order bookings grew by 174% YoY to ₹5.16 billion, driven by demand in Europe, Turkey, and Southeast Asia.
Closing order book reached an all-time high of ₹20.54 billion, an 8% increase YoY, with international orders making up 51%.
EBITDA for FY26 stood at ₹5.27 billion with a robust margin of 24.2%.
Trade receivables increased to 84 days from 49 days due to back-ended execution, though management expects liquidation in H1 FY27.
👀 What to Watch
Investors should view the record order book and aggressive international expansion as strong indicators of future growth. Monitor the liquidation of high receivables and the scaling of new segments like geothermal and CO2-based platforms in the coming quarters.
Triveni Turbine Reports Record FY26 Revenue of ₹21.8B and ₹20.5B Order Book
Triveni Turbine Limited (TTL) reported a steady FY26 with revenue growing 8.7% YoY to ₹21.81 billion, supported by a strong Q4 performance where revenue jumped 26.3%. The company achieved a record closing order book of ₹20.54 billion, driven by a massive 174% surge in export order bookings during the final quarter. While reported PAT saw a slight nominal decline to ₹3.49 billion due to exceptional items, adjusted PAT grew to ₹3.61 billion. The business mix is improving significantly, with the high-margin aftermarket segment now comprising 26% of total order bookings compared to 14% in the previous year.
Key Highlights
FY26 Revenue grew 8.7% YoY to ₹21.81 billion, with Q4 revenue jumping 26.3% to ₹6.8 billion.
Closing Order Book reached a record high of ₹20.54 billion, providing strong revenue visibility for FY27.
Export order booking in Q4 FY26 witnessed a massive growth of 174% YoY, now accounting for 51% of total orders.
Aftermarket segment contribution to order booking doubled to 26% in FY26 compared to 14% in FY25.
Maintained robust return ratios with Return on Capital Employed (ROCE) at 36% and ROE at 26% for FY26.
👀 What to Watch
Investors should focus on the record order book and the strategic shift towards high-margin aftermarket and export segments as primary growth drivers. The company's strong cash position and 36% ROCE make it a high-quality play on the global industrial energy transition.
Triveni Turbine Q4 Revenue Jumps 26% to ₹6.8B; FY26 Dividend Total at ₹4.25/Share
Triveni Turbine Limited reported its highest-ever annual revenue of ₹21.81 billion for FY26, supported by a strong 26.3% YoY growth in Q4 revenue. While Q4 PAT rose 7.7% to ₹1.02 billion, full-year PAT declined slightly by 2.5% to ₹3.49 billion due to exceptional costs from the new wage code. EBITDA margins in Q4 contracted by 478 bps to 21.2% due to project mix, but the closing order book remains robust at ₹20.54 billion. The company continues to see strong traction in exports and the high-margin aftermarket segment, which saw 121% order growth in Q4.
Key Highlights
Highest ever quarterly revenue of ₹6.80 billion, up 26.3% YoY, with exports contributing 60% of the total.
Closing order book reached ₹20.54 billion, an 8% increase YoY, providing strong medium-term visibility.
Aftermarket order booking surged 121% in Q4 FY26, now accounting for 50% of the total quarterly order inflow.
Board recommended a final dividend of ₹2.00 per share, bringing the total FY26 dividend to ₹4.25 per share.
EBITDA for Q4 stood at ₹1.44 billion, though margins compressed to 21.2% from 26.1% in the previous year.
👀 What to Watch
Investors should monitor the recovery in EBITDA margins as the project mix stabilizes, while the record order book and surge in aftermarket services signal strong growth potential for FY27. The high dividend payout and dominant export performance reinforce the company's competitive positioning in the global turbine market.
Triveni Turbine Recommends 200% Final Dividend; Sets Record Date for Sept 2, 2026
Triveni Turbine Limited's Board of Directors has recommended a final dividend of 200%, which translates to Rs. 2 per fully paid-up equity share of Re. 1 face value for FY 2025-26. The company has fixed Wednesday, September 2, 2026, as the Record Date to determine shareholder eligibility for this dividend. The dividend payment is subject to shareholder approval at the upcoming Annual General Meeting scheduled for September 9, 2026. Additionally, the company reported its standalone financial results, showing a total income of Rs. 20,729 million for the full year ended March 31, 2026.
Key Highlights
Recommended a final dividend of 200% amounting to Rs. 2 per equity share of face value Re. 1.
Fixed Wednesday, September 2, 2026, as the Record Date for dividend entitlement.
Standalone full-year revenue from operations grew to Rs. 20,097 million in FY 2026 from Rs. 17,952 million in FY 2025.
Standalone full-year profit after tax stood at Rs. 3,367 million for the year ended March 31, 2026.
Approved the re-appointment of Independent Directors Mr. Vijay Kumar Thadani and Mr. Vipin Sondhi for a second 5-year term.
👀 What to Watch
Investors seeking dividend income should ensure they hold Triveni Turbine shares before the ex-dividend date to align with the September 2, 2026 record date. The steady revenue growth also signals healthy operational performance.
Triveni Turbine Q4 Revenue Up 23% to ₹6,025 Mn; Recommends ₹2 Final Dividend
Triveni Turbine reported a strong 22.8% YoY growth in Q4 revenue reaching ₹6,025 million, though standalone PAT for the quarter declined by 15.8% to ₹789 million due to higher material costs and exceptional items. For the full year FY26, revenue crossed the ₹20,000 million mark, representing an 11.9% growth over the previous year. The board has recommended a final dividend of ₹2 per share (200%), with the record date set for September 2, 2026. Additionally, the company ensured leadership continuity by re-appointing two key independent directors for five-year terms.
Key Highlights
Q4 FY26 Revenue from operations grew 22.8% YoY to ₹6,025 million compared to ₹4,904 million in Q4 FY25.
Full-year FY26 Revenue reached ₹20,097 million, up 11.9% from ₹17,952 million in FY25.
Recommended a final dividend of 200% (₹2 per share) on a face value of ₹1 for FY 2025-26.
Standalone PAT for FY26 stood at ₹3,367 million, down from ₹3,744 million in FY25, partly due to a ₹157 million exceptional loss.
Fixed September 2, 2026, as the record date for dividend entitlement with payment within 30 days of the AGM.
👀 What to Watch
Investors should monitor the rising cost of materials which impacted margins this quarter despite robust top-line growth. The stock remains a steady dividend payer with a healthy order execution pipeline.
Triveni Turbine FY26 Revenue Up 12% to ₹20,097 Mn; Recommends 200% Final Dividend
Triveni Turbine reported a steady 12% growth in standalone revenue for FY26, reaching ₹20,097 million compared to ₹17,952 million in the previous year. The company recommended a final dividend of 200% (₹2 per share), reflecting strong cash flow and commitment to shareholder returns. While Profit After Tax for the year was ₹3,367 million, slightly lower than FY25 due to a high base and exceptional items, the operational performance remains robust. The board also ensured leadership continuity by re-appointing two key independent directors for five-year terms.
Key Highlights
Standalone revenue for FY26 grew 12% YoY to ₹20,097 million.
Recommended a final dividend of 200% (₹2 per share) with a record date of September 2, 2026.
Q4 FY26 revenue stood at ₹6,025 million, up from ₹4,904 million in the year-ago period.
Profit Before Tax (PBT) for FY26 was ₹4,546 million, including an exceptional loss of ₹157 million.
Re-appointed Vijay Kumar Thadani and Vipin Sondhi as Independent Directors for a second 5-year term.
👀 What to Watch
Investors should view the steady revenue growth and healthy dividend payout as signs of operational strength. The stock remains a solid hold for those seeking exposure to the industrial engineering sector with consistent yield.
Triveni Turbine FY26 Revenue Up 12% to ₹20,097 Million; 200% Final Dividend Declared
Triveni Turbine Limited reported a 12% growth in annual revenue for FY26, reaching ₹20,097 million compared to ₹17,952 million in FY25. While annual Profit After Tax (PAT) decreased to ₹3,367 million from ₹3,744 million due to a high base effect from previous exceptional items, Q4 revenue showed strong momentum, growing 23% YoY to ₹6,025 million. The board has recommended a final dividend of 200% (₹2 per share) and approved the re-appointment of two key independent directors for five-year terms. The company maintains a healthy balance sheet with an unmodified audit opinion.
Key Highlights
FY26 total revenue from operations rose 11.9% YoY to ₹20,097 million.
Recommended a final dividend of 200% (₹2 per equity share) with a record date of September 2, 2026.
Q4 FY26 revenue grew significantly by 22.8% YoY to ₹6,025 million.
Standalone Profit Before Tax (PBT) for the full year stood at ₹4,546 million.
Re-appointed Independent Directors Vijay Kumar Thadani and Vipin Sondhi for second 5-year terms starting late 2026/early 2027.
👀 What to Watch
Investors should view the strong top-line growth and consistent dividend payout as signs of operational strength. The slight dip in annual PAT is largely attributable to the absence of exceptional gains recorded in the previous year, making the underlying performance robust.
Triveni Turbine FY26 Revenue Up 12%, Recommends 200% Final Dividend and Re-appoints Directors
Triveni Turbine Limited reported a steady growth in annual revenue from operations, reaching ₹20,097 million in FY26 compared to ₹17,952 million in FY25. The company announced a final dividend of 200% (₹2 per share) for the fiscal year, with a record date set for September 2, 2026. Standalone Profit After Tax for the year stood at ₹3,367 million, while the Board also approved the re-appointment of two Independent Directors for second five-year terms to ensure governance continuity. The financial results were issued with an unmodified audit opinion, reflecting stable internal controls.
Key Highlights
Revenue from operations grew 11.9% YoY to ₹20,097 million for the full year ended March 31, 2026
Recommended a final dividend of 200% or ₹2 per equity share of face value ₹1 each
Standalone Profit After Tax (PAT) for FY26 recorded at ₹3,367 million
Re-appointment of Vijay Kumar Thadani and Vipin Sondhi as Independent Directors for 5-year terms
Fixed September 2, 2026, as the Record Date for dividend entitlement
👀 What to Watch
Investors should focus on the healthy 12% revenue growth and the attractive dividend yield. The continuity in the board's leadership and unmodified audit reports suggest strong corporate governance, making it a stable hold for long-term portfolios.
Triveni Turbine Recommends ₹2 Final Dividend; FY26 Revenue Grows 12% to ₹20,097 Million
Triveni Turbine Limited has recommended a final dividend of ₹2 per share (200% of face value) for the financial year 2025-26. The company reported a 12% year-on-year increase in annual revenue, reaching ₹20,097 million compared to ₹17,952 million in the previous year. However, annual Profit After Tax (PAT) decreased to ₹3,367 million from ₹3,744 million, largely impacted by a ₹157 million exceptional loss versus a ₹360 million gain in the prior year. The Board also approved the re-appointment of two Independent Directors for five-year terms.
Key Highlights
Recommended final dividend of ₹2 per equity share (200% of face value) for FY26.
Annual revenue from operations grew 12% YoY to ₹20,097 million.
Standalone Profit After Tax (PAT) for FY26 stood at ₹3,367 million.
Record date for dividend entitlement is fixed as September 2, 2026.
Re-appointed Vijay Kumar Thadani and Vipin Sondhi as Independent Directors for 5-year terms.
👀 What to Watch
Investors should ensure they hold shares by the record date of September 2, 2026, to qualify for the ₹2 dividend. While revenue growth remains steady, the slight dip in net profit due to exceptional items should be monitored in upcoming quarterly reports.
Triveni Turbine FY26 Revenue Up 12% to ₹20,097 Million; Recommends ₹2 Final Dividend
Triveni Turbine reported a 12% year-on-year growth in standalone revenue for FY26, reaching ₹20,097 million. However, standalone Profit After Tax (PAT) for the full year declined to ₹3,367 million from ₹3,744 million in the previous year, partly due to a swing in exceptional items. The Board has recommended a final dividend of ₹2 per share (200%), with the record date set for September 2, 2026. Management continuity is also signaled through the re-appointment of two Independent Directors for five-year terms.
Key Highlights
Standalone Revenue for FY26 grew 12% to ₹20,097 million compared to ₹17,952 million in FY25.
Standalone Profit After Tax (PAT) for FY26 stood at ₹3,367 million, down from ₹3,744 million in the prior year.
Recommended a final dividend of 200% (₹2 per share) for FY26 with a record date of September 2, 2026.
Q4 FY26 standalone revenue rose to ₹6,025 million, a significant increase from ₹4,904 million in Q4 FY25.
Exceptional items for FY26 resulted in a net charge of ₹157 million versus a gain of ₹360 million in FY25.
👀 What to Watch
Investors should monitor the impact of rising material costs on margins despite healthy revenue growth. The steady dividend payout and top-line expansion remain positive, but the decline in net profit warrants a closer look at consolidated performance.
Triveni Turbine Merges South African Subsidiaries with Combined Turnover of Rs 169 Cr
Triveni Turbine has successfully merged its two South African step-down subsidiaries, TSE Engineering and Triveni Turbines Africa, effective April 1, 2026. The merger consolidates operations that had a combined FY25 turnover of approximately Rs 169 crore, with TTAPL contributing Rs 119 crore and TSE contributing Rs 50 crore. This internal restructuring is designed to simplify the group's corporate structure and enhance operational efficiencies in the African market. As both entities were 100% owned, there is no change in the parent company's shareholding pattern or cash outflow.
Key Highlights
TSE Engineering (Pty) Ltd merged into Triveni Turbines Africa (Pty) Ltd to consolidate South African operations.
The combined FY25 turnover of the two merged subsidiaries is Rs 169 crore (approx. ZAR 366 million).
The merger is effective from April 1, 2026, following approval from the South African CIPC.
Strategic rationale includes simplified governance, streamlined reporting, and enhanced administrative efficiency.
👀 What to Watch
No immediate action is required as this is a routine internal reorganization. Investors should monitor the company's international segment for potential margin improvements resulting from these operational efficiencies.
Triveni Turbine Shareholders Approve Re-appointment of Nikhil Sawhney as MD with 84.9% Majority
Triveni Turbine Limited has successfully passed a special resolution via postal ballot for the re-appointment of Mr. Nikhil Sawhney as Managing Director. The resolution received 84.91% approval from the total votes polled, ensuring leadership continuity for the company. However, the results revealed significant dissent from public institutional investors, with 40.53% of their votes cast against the proposal. Despite this institutional resistance, the resolution met the requisite majority threshold for a special resolution.
Key Highlights
Special resolution for re-appointment of Nikhil Sawhney as MD passed with 84.91% assent.
Promoter group provided full support with 100% of their 17.75 crore shares voting in favor.
Public institutional investors showed notable resistance, with 40.53% (4.27 crore votes) dissenting.
Total valid votes polled were 28.29 crore, representing approximately 89% of the total paid-up share capital.
The resolution was deemed passed on March 26, 2026, following the conclusion of the e-voting period.
👀 What to Watch
Investors should view this as a positive for leadership stability, though the high institutional dissent suggests a need to monitor future governance and compensation disclosures.
Triveni Turbine Seeks Re-appointment of Nikhil Sawhney as MD for 5-Year Term
Triveni Turbine Limited has issued a postal ballot notice to seek shareholder approval for the re-appointment of Mr. Nikhil Sawhney as Managing Director, designated as Vice Chairman and Managing Director. The proposed tenure is for a period of five years, effective from May 10, 2026. The voting process will be conducted via remote e-voting, starting from February 25, 2026, and concluding on March 26, 2026. This move is intended to ensure leadership stability and continuity in the company's strategic management.
Key Highlights
Proposed re-appointment of Mr. Nikhil Sawhney as Managing Director for a 5-year term starting May 10, 2026
Remote e-voting period set from February 25, 2026, 9:00 A.M. to March 26, 2026, 5:00 P.M.
Cut-off date for eligibility to vote is February 20, 2026
Results of the postal ballot to be declared on or before March 30, 2026
The resolution is proposed as a Special Resolution requiring requisite majority approval
👀 What to Watch
Investors should monitor the voting results to confirm leadership continuity, which is generally positive for long-term stability. No immediate action is required other than participating in the e-voting process if desired.
Triveni Turbine Q3 Revenue Up 24% to ₹6.24 Billion; PAT Dips 1% on Exceptional Charge
Triveni Turbine reported a strong 24% YoY revenue growth in Q3 FY26, reaching ₹6.24 billion, though PAT slightly declined by 1% to ₹917 million due to a ₹15.7 crore non-recurring wage code charge. While order bookings for the quarter fell 26% YoY due to timing issues with advances, the company maintains a robust domestic enquiry pipeline across steel, cement, and sugar sectors. The US subsidiary reported a loss of ₹21.7 crore for the nine-month period, but management expects a recovery in Q4 and FY27 driven by new products like heat pumps and MVRs.
Key Highlights
Q3 FY26 Revenue grew 24% YoY to ₹6.24 billion, while EBITDA rose 16.9% to ₹1.54 billion.
Order booking for Q3 declined 26% YoY, primarily due to delayed advances on pending orders at quarter-end.
US subsidiary recorded a loss of ₹21.7 crore in the first nine months of FY26.
Management expects double-digit growth in domestic order bookings in Q4 FY26 driven by steel and cement sectors.
First order received for CO2-based heat pumps with an enquiry pipeline currently exceeding 100 units.
👀 What to Watch
Investors should monitor the conversion of the strong enquiry pipeline into firm orders in Q4 to validate management's growth guidance. The reduction in US duty to 18% and traction in new product segments like heat pumps are positive long-term catalysts despite short-term subsidiary losses.
