Triveni Turbine Limited (TTL), a manufacturer of industrial steam turbines up to 100 megawatts (MW), reported a record consolidated order book of INR 22.20 billion as of 30 September 2025, marking a 24 percent year-on-year increase. The company recorded quarterly revenue of INR 5.06 billion, up one percent from the previous year, supported by strong domestic order inflows and steady export performance.
TTL achieved order bookings of INR 6.52 billion during the quarter ended 30 September 2025, a 14 percent increase compared with the same period last year. Domestic order intake grew 52 percent year-on-year to INR 4.07 billion, contributing 62 percent of total orders, while export bookings declined 19 percent to INR 2.46 billion amid global trade uncertainties.
On the operational front, export sales rose 27 percent to INR 2.82 billion, while domestic sales fell 20 percent to INR 2.24 billion. The Aftermarket segment continued to expand, achieving record order bookings of INR 1.99 billion, up 15 percent year-on-year. Aftermarket turnover reached INR 1.78 billion during the quarter, an eight percent increase, accounting for 35 percent of total revenue.
EBITDA stood at INR 1.33 billion, with a margin of 26.3 percent, broadly stable from the previous year. Profit after tax was INR 914 million. The company held investments and cash of INR 9.78 billion at the end of September 2025, providing scope for growth initiatives and acquisitions.
Triveni Turbine completed the acquisition of the remaining 30 percent equity in TSE Engineering Pty. Limited, South Africa, for INR 56 million. The move makes TSE a wholly owned subsidiary and is intended to simplify group structure and enhance operational control.
“Our record order booking of INR 6.52 billion in the quarter, driven by strong domestic demand, and the all-time high order book of INR 22.20 billion underscore our consistent performance and strong market position,” said Dhruv M. Sawhney, Chairman and Managing Director of Triveni Turbine Limited. “The enquiry pipeline remains robust and globally diversified, providing good visibility for the near term.”
Triveni Turbine operates two manufacturing facilities in Peenya and Sompura, Bengaluru, both certified to AS 9100, ISO 9001, ISO 14001, and ISO 45001 standards. The company is among the top two global manufacturers of industrial steam turbines below 100 MW and has installed over 6,000 units across more than 80 countries.
The company said it expects performance in the current financial year to be back-ended, supported by new product introductions and a healthy order backlog in industrial power generation and renewable energy turbine segments. TTL plans to expand its aftermarket and refurbishment offerings, strengthen its domestic supply chain, and capitalise on opportunities in biomass, waste-to-energy, and waste heat recovery systems.
Triveni Turbine Limited provides industrial heat and power solutions and manufactures decentralized, steam-based renewable turbines. It also offers aftermarket services and refurbishment for turbines and other rotating equipment. The company is headquartered in Noida, Uttar Pradesh, and has manufacturing operations in Bengaluru.