Triveni Turbine Shares Soar Over 11% After Record Q2 FY25 Results

Shares of Triveni Turbine, a company known for its power-generating equipment, jumped over 11% to ₹698 per share on November 12, 2024. This surge comes after the company reported strong financial performance for the quarter ending September 2024 (Q2 FY25).

Company’s Strong Q2 FY25 Performance

Triveni Turbine reported a 29% increase in revenue from ₹388 crore in Q2 FY24 to ₹501 crore in Q2 FY25. Profit after tax (PAT) grew by 42% to ₹91 crore compared to the same period last year. Domestic sales rose 32% to ₹279 crore, while export sales saw a 26% growth, reaching ₹222 crore.

The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) rose by 47% to ₹131 crore. EBITDA margins also increased by 320 basis points to 26.1% from 22.9% in Q2 FY24.

Record Order Book and Business Outlook

Triveni Turbine achieved order bookings of ₹572 crore in Q2 FY25, up 25% from ₹459 crore in Q2 FY24. Export order bookings contributed to 53% of the total order book. The total outstanding order book reached a record ₹1,796 crore as of September 30, 2024, a 22% increase compared to the previous year.

The company remains confident about its medium-term growth, supported by a strong order backlog in renewable energy, API, and industrial power generation turbines. The expanding aftermarket business, which includes spare parts and services for a wide range of turbines, also promises future growth.

Impressive Long-Term Stock Performance

Over the past 5 years, Triveni Turbine’s share has skyrocketed by 573.16%%. It has given 18.58% and 63.27% in the past 6 months and 1 year.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.