Triveni Turbine (TRITURBINE) Q3 25/26 earnings summary

Executive summary

• Achieved record Q3 FY26 revenue of INR 6.24 billion and EBITDA of INR 1.54 billion, with turnover up 24% year-over-year and the highest ever for a quarter.

• PAT for Q3 FY26 was INR 917 million, 1% lower year-over-year due to a non-recurring wage code-related charge of INR 157 million.

• Closing order book as of December 31, 2025, reached INR 19.86 billion, up 9% year-over-year, nearly doubling over three years.

• Unaudited standalone and consolidated financial results for Q3 and nine months ended December 31, 2025, were approved and released.

• Re-appointment of Mr. Nikhil Sawhney as Managing Director for five years from May 10, 2026, subject to shareholder approval.

Financial highlights

• Q3 FY26 consolidated revenue: INR 6.24 billion; EBITDA: INR 1.54 billion; nine-month revenue: INR 15.02 billion.

• Turnover up 24% and EBITDA up 16.9% year-over-year; PBT before exceptionals up 15.3%.

• PAT margin for Q3 FY26 was 14.7%; 9M FY26 PAT margin was 16.5%, both largely stable year-over-year.

• Export sales in Q3 FY26 rose 54% to INR 3.85 billion, while domestic sales declined 6% to INR 2.40 billion.

• Interim dividend of INR 2.25 per equity share (225%) approved for FY26.

Outlook and guidance

• Q4 expected to be record-setting for revenue, profitability, and order booking, with robust growth in FY27.

• Management expects major export opportunities at advanced stages to convert into orders in upcoming quarters.

• Double-digit order booking growth forecasted for FY26 over FY25, with normalized growth rates expected from FY28.

• Export and domestic markets expected to grow in parallel, maintaining a 55%/45% split.

• The company continues to focus on expanding its global footprint and advancing innovation-led solutions.