Triveni Turbine reported a subdued performance in Q1 FY26, with consolidated revenue declining 20% year-on-year to ₹371.3 crore, down from ₹463.3 crore in the same quarter last year.
Both domestic and export segments witnessed weakness. Domestic sales dropped 24% YoY to ₹188.2 crore, while exports fell 15% to ₹183.1 crore. Despite the revenue dip, other income grew 14% YoY to ₹22.2 crore.
Triveni Turbine: Q1 FY26 Review
Consolidated YoY
| Q1 FY26(₹cr) | Q1 FY25(₹cr) | % YoY | |
| Revenue | 371.3 | 463.3 | -20% |
| -Domestic | 188.2 | 247.3 | -24% |
| -Exports | 183.1 | 216 | -15% |
| Other Income | 22.2 | 19.4 | 14% |
| COGS | 177.6 | 223.1 | -20% |
| Gross Margin % | 52.17% | 51.85% | 32 |
| Employee Exp | 54.8 | 47.9 | 14% |
| EBITDA | 73.6 | 95.6 | -23% |
| EBITDA % | 19.8% | 20.6% | -81 |
| Net Profit | 64.4 | 80.4 | -20% |
Triveni reported a gross margin of 52.17%, expanding by 32 basis points from the previous year. However, EBITDA fell 23% YoY to ₹73.6 crore, and EBITDA margin contracted slightly by 81 basis points to 19.8%.
Net profit also declined 20% YoY to ₹64.4 crore, mirroring the top-line pressure.
The weak performance was primarily impacted by geopolitical tensions, which led to delayed inspections and deferment of dispatches and orders to future quarters.
Export-led ordering activity remained soft, with lower demand across products and aftermarket services. The year-ago quarter also had the benefit of large export orders, creating a high base for comparison.
Dhruv Sawhney, Chairman and Managing Director, said the quarter’s performance “fell short of our expectations and proved to be more challenging.”
However, he said that concerted efforts are underway to realign operations, and expressed confidence that the company remains on track to maintain its long-term growth trajectory.
