Triveni Turbine Ltd reported record-breaking financials in FY25, with all-time high revenue, EBITDA, PAT, and order bookings. Revenue rose 21% to ₹20.06 billion, while PAT grew 33% to ₹3.59 billion.
Triveni Turbine Limited (TTL), a market leader in industrial heat and power solutions and decentralised steam-based renewable turbines up to 100 MW, has announced its financial results for the fourth quarter and the full year ended March 31, 2025. The company's strong performance was well-received by the market, with the share price surging by 9.5% as of 10:45 AM on May 12, 2025.
| Metric | Q4 FY 25 | Q4 FY 24 | % Change (Q4) | FY 25 | FY 24 | % Change (FY) |
| Revenue from Operations | 5,380 | 4,581 | 17.5% | 20,058 | 16,539 | 21.3% |
| EBITDA | 1,403 | 1,069 | 31.2% | 5,177 | 3,810 | 35.9% |
| EBITDA Margin | 26.1% | 23.3% | 25.8% | 23.0% | ||
| PBT | 1,321 | 1,009 | 30.8% | 4,884 | 3,576 | 36.6% |
| PBT Margin | 24.5% | 22.0% | 24.3% | 21.6% | ||
| Consolidated PAT | 946 | 762 | 24.1% | 3,586 | 2,695 | 33.1% |
| Consolidated PAT Margin | 17.6% | 16.6% | 17.9% | 16.3% | ||
| EPS (₹/share) | 2.99 | 2.39 | 25.1% | 11.28 | 8.47 | 33.2% |
TTL delivered robust growth across all key financial parameters. For Q4 FY25, revenue from operations stood at ₹5,380 million, up 17.5% compared to ₹4,581 million in Q4 FY24. EBITDA for the quarter rose by 31.2% to ₹1,403 million, with margins expanding to 26.1%. Profit Before Tax (PBT) increased to ₹1,321 million, reflecting a 30.8% rise year-on-year. The quarter closed with a Consolidated PAT of ₹946 million, up 24.1%, and earnings per share (EPS) at ₹2.99, up from ₹2.39 in the same quarter last year.
For the full financial year, TTL achieved its highest-ever revenue of ₹20.06 billion, marking a 21.3% growth over FY24. EBITDA reached an all-time high of ₹5.18 billion, a 35.9% increase year-on-year, with a margin of 25.8%—up approximately 280 basis points. PBT grew by 36.6% to ₹4.88 billion, and PAT rose to ₹3.59 billion, registering a 33.1% growth. EPS for FY25 stood at ₹11.28, up from ₹8.47 in FY24.
Order booking for the year reached a record ₹23.63 billion, up 26% y-o-y supported by increased domestic and product-led demand. This is despite downward adjustments of ~₹ 1.4 billion in order booking due to slow moving orders while having customer advances. The Aftermarket segment witnessed a notable increase in new, repeat, and referral orders. At end of March 31, 2025 the closing order book stood at a record ₹19.09 billion, an increase of 23% y-o-y. A robust closing order book ensures healthy visibility for the medium term, positioning the Company well for continued momentum.
The growth in order booking was driven by multiple factors, including strong demand in the renewable energy space, industrial applications, and power producers. Product order bookings grew 38% year-on-year to ₹17.41 billion, aided by TTL's strategic entry into CO₂ energy storage solutions and increased traction in the API turbine segment. Notably, the API business saw an expanded global footprint, with new orders across the Middle East, Southeast Asia, Central & South America, and Europe. This marked the fourth consecutive year of achieving record product order bookings—a testament to the company's consistent innovation and execution.
The company’s financial position remained healthy, with total investments including cash standing at ₹9.87 billion, up 12% compared to the previous year. Reinforcing its commitment to shareholder value, TTL's Board of Directors has recommended a final dividend of 200% (₹2 per equity share of ₹1 each) for FY25, subject to shareholder approval. This comes in addition to the interim dividend of 200% (₹2 per share) already paid during the year.
Disclaimer: The article is for informational purposes only and not investment advice.
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