Triveni Turbine stock soars over 11% on stellar performance in Q2

Shares of Triveni Turbine, a leading manufacturer of power-generating equipment, surged by 11.2% to ₹695 in early trading on Tuesday, November 12. The spike follows the company’s impressive financial performance for the quarter ending September 2024 (Q2 FY25), reigniting investor interest in opportunities to buy shares online.

Q2 FY25 highlights: Record-breaking revenue and profitability

Triveni Turbine reported its highest-ever quarterly revenue and EBITDA alongside a record-breaking order book, marking a significant turnaround after a three-day stock decline.

• Revenue growth: The company posted a 29% year-on-year (YoY) revenue increase, reaching ₹501 crore compared to ₹388 crore in Q2 FY24. Domestic sales rose 32% to ₹279 crore, while exports climbed 26% to ₹222 crore.
• EBITDA performance: EBITDA surged 47% YoY to ₹131 crore, with margins improving by 320 basis points to 26.1%.
• Profitability gains: Profit after tax jumped 42% YoY to ₹91 crore, reflecting the company’s operational efficiency and strong demand.

Order bookings drive export growth

Triveni Turbine recorded ₹572 crore in order bookings for Q2 FY25, a 25% increase from ₹459 crore in the same period last year. Notably, export orders soared by 50% YoY to ₹304 crore, contributing 53% to total bookings. Domestic orders grew modestly by 4% YoY to ₹268 crore.

As of September 30, 2024, the total outstanding order book reached a record ₹1,796 crore, with exports accounting for 60.52%. Analysts predict this strong order pipeline will support long-term profitability.

Promising outlook supported by diversified offerings

Triveni Turbine expects sustained growth, driven by a strong backlog of orders across renewable energy, API, and industrial power generation segments. Its aftermarket business is also expanding, with offerings such as spare parts, services, and refurbishments catering to a wider range of equipment, including steam and gas turbines.

Stock delivers outstanding returns

Triveni Turbine shares have risen 882% over the past four years, climbing from ₹69.90 in 2020 to ₹687 currently. The stock has consistently delivered annual gains, including a remarkable 131% in CY2021. Despite recent fluctuations, the shares have gained 63% this year and reached a record ₹844 in August.

Key takeaways

• Triveni Turbine shares surged 11.2%, driven by strong Q2 FY25 performance.
• Export orders grew by 50%, contributing significantly to record order bookings.
• The stock has delivered 882% returns in four years, showcasing long-term growth potential.
• Analysts expect continued profitability, supported by strong demand and market expansion.

Investors seeking opportunities to buy shares online may find Triveni Turbine’s growth trajectory appealing.