Triveni Turbine shares witnessed strong buying action on November 12, surging nearly 12 percent after the company's solid earnings performance in the July-September quarter impressed investors.
At 09.43 am, shares of Triveni Turbine were trading at Rs 690.15 on the NSE. Furthermore, the surge in the stock today was also triggered by heavy trading volumes as 58 lakh shares already changed hands so far, higher than the one month daily traded average of nine lakh shares.
Triveni Turbine reported a 42 percent year-on-year spike in its consolidated net profit to Rs 91 crore for the September quarter, driven by strong revenue growth. In the same quarter of the previous fiscal year, the company's bottomline stood at Rs 64 crore.
Total revenue grew to the highest ever at Rs 520.7 crore in Q2 from Rs 402.3 crore a year earlier, triggered by improved order bookings and higher exports. Order bookings in Q2 FY25 rose 25 percent on-year to Rs 572 crore, led by a 50 percent spike in export orders, which reached Rs 304 crore.
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Along with that, the company also reported its highest ever EBITDA in the quarter gone by at Rs 131 crore, leading to a 320 basis point expansion in EBITDA margin at 26.1 percent. Triveni Turbine also reported a record outstanding carry-forward order book of ₹1,796 crore as of September 30, 2024, marking a 22 percent year-on-year increase.
“We have reported another strong set of results across all key metrics—revenues, profitability, and order booking. In response to the growing demand for higher efficiencies and sustainable power generation, the Company is actively pursuing a robust R&D program aimed at advancing its product portfolio through digitization, and the development of innovative solutions aligned with energy transition and sustainability goals,” Dhruv M. Sawhney, Chairman and Managing Director of the company said in an exchange filing.
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