Triveni Turbine Q1 FY26 Earnings Results Out: Net Profit Drops 19%, Stock Falls 7%

As per Triveni Turbine Q1 FY26 earnings results, the company has reported a 19.3% year-on-year (YoY) decline in net profit. As compared to ₹80 crore in Q1FY24, the company’s net profit has dropped to ₹64.5 crore. Revenue has also dipped by 19.9% to ₹371.3 crore from ₹463.3 crore in Q1FY25, reflecting a muted start to the fiscal year.

At the operating level, EBITDA fell 22.1% to ₹73.8 crore, while margins narrowed to 19.8% from 20.6% YoY. The results were announced after market hours. Despite the weak quarter, Triveni’s stock closed 1.51% higher at ₹596.65 on the BSE on Monday, August 4.

The company has set September 1, 2025, as the record date for its final dividend, which, if approved at the AGM, will be paid by October 7.

Triveni Turbine Q1 FY26 Earnings Results

While the Q1 performance showed a short-term dip, Triveni’s long-term outlook remains optimistic. Featured once again in Forbes Asia’s “Best Under A Billion” list, the company aims to triple its revenue in five years, according to publicly available information.

Triveni reported record annual revenue of ₹2,010 crore (US$237 million) in FY25, a 21% increase YoY, with net profit rising 33% to ₹360 crore. The firm has significantly expanded its global footprint, with exports now contributing nearly 50% of total revenue.

About Triveni Turbines

Headquartered in Bangalore with two manufacturing facilities, Triveni produces 300–350 turbines annually, primarily for the ≤100MW segment, which is widely used across cement, steel, chemicals, and independent power producers. It holds a 55% domestic market share, followed by Siemens Energy India at 40%.

At 10:20 AM, Triveni Turbine share price was down 7.11% and was trading at ₹548.40.

Triveni’s growth strategy is powered by strong R&D, with the company holding around 400 patents and collaborating with institutes like IISc Bangalore and the University of Cambridge. It also invests heavily in aftermarket services, which now form 32% of its revenue, up from 16% in 2011.

Over 70% of its turbines now run on renewable fuels such as biomass, in line with global decarbonisation trends. Triveni also recently bagged a ₹290 crore energy storage project with NTPC, using an innovative system based on compressed CO₂ instead of rare earth metals.

Global Expansion and Challenges

While Triveni has expanded into markets like Europe, Southeast Asia, and the Middle East, its U.S. plans face headwinds due to potential tariffs. The company opened a 9,300 sq. m. assembly plant in Houston last year, but Sawhney says the firm is now reassessing its U.S. growth strategy.

Still, the global push remains intact. Since parting ways with General Electric in 2019, Triveni’s exports have tripled. Its turbines now meet API standards for oil-and-gas clients, giving it a strong foothold in competitive international markets.

Read more: Coal India Sets 900 MT Target for FY26, Plans ₹16,000 Crore Capex for Growth and Diversification.

Conclusion

While Q1 FY26 saw a temporary dip in earnings, Triveni Turbine continues to build momentum as a global energy equipment player. With a strong leadership team, innovation-focused DNA, and increasing demand for customised, renewable-powered solutions, the company is focusing on delivering long-term value.

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