Triveni Turbine Limited · NSE:TRITURBINE
Triveni Turbine — Triveni Turbines — H1 FY2026 Earnings Presentation
36 slides from Triveni Turbine's earnings presentation, November 2025
Slide 1: Investor Presentation Q2 / H1 FY 26
Imagine. Innovate. Inspire Investor Presentation Q2 / H1 FY 26 November 2025
Slide 2: Contents
Contents Description Page Number Triveni Turbines At A Glance 3 Market Overview 4 Company Overview 10 Financial Performance Highlights 23 Shareholding Pattern 32 Investor Relations Contact 34 2
Slide 3: Triveni Turbines at a Glance
Triveni Turbines at a Glance One of the leading manufacturers of decentralised Top 2 globally in industrial steam turbines steam-based renewable turbines globally 50+ years of designing, manufacturing 1000+ Employee Strength, >20% & supplying industrial steam turbines Employee Addition in last two y
Slide 4: Market Overview
Market Overview
Slide 5: Global Final Energy Consumption is led by Heating and Cooling Applications
Global Final Energy Consumption is led by Heating and Cooling Applications Thermal energy uses, which include space and water heating, space cooling, and industrial process heat, represent more than half (51%) of Global Total Final Energy Consumption Source: Renewables 2022 Global Status Report 5
Slide 6: Industry as a Sector has the Highest Contribution in Global Final Energy Demand
Industry as a Sector has the Highest Contribution in Global Final Energy Demand Final Energy Demand By Sector (EJ) Industry contributed to 114 ~39% of end global energy 80 100 119 122 demand in 2019 120 132 142 151 105 Even in future scenarios, the 31 38 43 45 24 contribution is expected to remain a
Slide 7: Overall Global Steam Turbine Market has been declining over the years
Overall Global Steam Turbine Market has been declining over the years… Overall Global Steam Turbine Market (in GW) The global steam turbine market 160 declined from 134 140 120 108 101 108 GW in 2014 to 100 91 89 81 101 GW in 2024 80 69 66 61 58 60 49 40 a decline of ~1% p.a. yearly 20 during 2014 -
Slide 8: Global Steam Turbine Market <100 MW also declined during the last decade
Global Steam Turbine Market <100 MW also declined during the last decade Global Steam Turbine Market, Below 100 MW (in GW) Below 100 MW industrial segment where 15.0 Triveni Turbines operates 9.6 has also declined 10.0 8.7 6.9 over a period of 10 years 6.2 7.6 5.0 5.5 0.0 Below 100 MW market ex-Chin
Slide 9: Contribution of Thermal Renewable Fuels in <100MW market has also been rising
Contribution of Thermal Renewable Fuels in <100MW market has also been rising Global Steam Turbine Market, Below 100 MW (in %), By Fuel Type - 2014 to 2024 In the <100 MW market, where Triveni 100% 90% operates the growth of thermal renewables 80% 70% has been consistent and strong. 60% 50% 40% The
Slide 10: Company Overview
Company Overview
Slide 11: A Differentiated Product Portfolio Catering To Wide Range Of Applications
A Differentiated Product Portfolio Catering To Wide Range Of Applications 11
Slide 12: Providing Sustainable Turbine Solutions for Renewable Energy Space
Providing Sustainable Turbine Solutions for Renewable Energy Space 12
Slide 13: Comprehensive Aftermarket Offerings
Comprehensive Aftermarket Offerings Customer Centric Original Equipment Shorter Lead 24x7 Customer Automation & Quality & Reliability Approach Manufacturer (OEM) Time Service Efficiency Expertise Preventive LTSA/AMC Upgradation High Speed Turnkey Solutions Troubleshooting Maintenance Balancing LTSA:
Slide 14: Driving Growth through Refurbishment Solutions
Driving Growth through Refurbishment Solutions Key Growth Area: Refurbishment OEM expertise with vast knowledge 1 of rotating equipment promoting refurbishment growth 2 Large addressable market globally 3 Access to newer end-user industries and geographies Energy efficiency and return-driven metrics
Slide 15: Our Strategic Priorities
Our Strategic Priorities Innovation-led Global Diversified Market People Significance Focus business Sustained Customer Centric Increasing & Products Proximity to Responsible & Customers Growth Solutions 15
Slide 16: Our Unique Strengths
Our Unique Strengths Innovation capabilities Manufacturing ; and operational Extensive global reach excellence N Yj Proven engineering =S LE Sales and marketing expertise with ———— — ws associated services _E=S efficiency Asset-light model | i\ Expert engineering team Responsible operations and resp
Slide 17: Our Key Growth Drivers
Our Key Growth Drivers Energy Increasing Industrial Global 01 02 03 Transition Energy Demand Market Significance Customer-Centric Innovation & Technological Engineering 04 05 06 Approach Advancements Excellence Focus on 09 Refurbishment 07 Diverse Customer Base Sustainability 08 Solutions and Market
Slide 18: Strong Global Footprint
Strong Global Footprint >80 Countries of Presence Note: Map for representation purpose and not to scale 18
Slide 19: Sustainability-led Responsible Growth
Sustainability-led Responsible Growth Renewable fuel Fuel-agnostic solutions sources driving that align with the Product Order decarbonization journey Booking Rising Focused on contribution of Green energy efficiency thermal Manufacturing across products renewable fuels Facilities and solutions in a
Slide 20: Our Core Principles
Our Core Principles Impact Product Quality Innovation & Technology ▪ Aims to make a positive impact to ▪ Best-in-class manufacturing at ▪ Consistent R&D of technology to surpass all our stakeholders two-world class facilities at Peenya customer needs and keeping up with and Sompura in Bengaluru chan
Slide 21: Our Core Principles
Our Core Principles Ethics Strong Relationships Sustainability ▪ Professional and transparent ▪ Customer centricity with focus on ▪ Supports environment sustainability with business practices continuous modernisation, with significant focus on thermal efficiency regular upgrades and efficiency impro
Slide 22: Continued ESG Focus
Continued ESG Focus Environmental Social Governance ▪ Manufacturing Facilities at both Peenya ▪ Board comprises of 9 members which ▪ Educational initiatives such as and Sompura are Green Factories include 5 Non-Executive Independent sponsorship on education and training programmes for Directors (inc
Slide 23: Financial Performance Highlights
Financial Performance Highlights
Slide 24: Strong & Consistently Improving Performance Over the Years
Strong & Consistently Improving Performance Over the Years Revenue From Operations EBITDA and EBITDA Margins PBT and PBT Margins (₹ Million) (₹ Million & %) (₹ Million & %) 25.8% 24.3% 30% p.a. 33% p.a. 34% p.a. 23.7% 23.0% 6,000 30.0% 6,000 30.0% 22.5% 22.2% 21.6% 21.4% 5,177 20.5% 20,058 4,884 19.
Slide 25: Strong & Consistently Improving Performance Over the Years
Strong & Consistently Improving Performance Over the Years PAT and PAT Margins Order Booking (₹ Million & %) (₹ Million) 17.9% 37% p.a. 38% p.a. 23,627 31.7% 4,000 3,586 35.0% 16.3% 3,500 30.0% 18,783 3,000 2,702 15.1% 2,695 16,054 25.0% 14.6% 2,500 11,836 1,929 20.0% 2,000 15.0% 6,431 1,500 1,025 1
Slide 26: Focused on Diversification
Focused on Diversification Share of Domestic and Export Sales (%) Share of Product and Aftermarket Sales (%) 27 27 32 33 33 52 54 54 55 70 73 73 68 67 67 48 46 46 45 30 FY 21 FY 22 FY 23 FY 24 FY 25 FY 21 FY 22 FY 23 FY 24 FY 25 Domestic Exports Aftermarket Product • Focused on enhancing our global
Slide 27: Enhancing Working Capital Management Efficiency
Enhancing Working Capital Management Efficiency Working Capital Inventory Turnover Ratio Assets Turnover Ratio (₹ Million) (x Times) (x Times) 660 5.96 5.86 3.22 2.26 -756 FY 20 FY 25 FY 20 FY 25 FY 20 FY 25 • Sharp focus on effective management and ongoing monitoring has resulted in sustained impro
Slide 28: Optimising Cashflows and Returns
Optimising Cashflows and Returns Investments including Cash Return on Capital Employed Return on Equity (₹ Million) (%) (%) 33% 9,873 40% 32% 25% 1,979 FY 20 FY 25 FY 20 FY 25 FY 20 FY 25 • Our focus on operational efficiency and effectively managing cash aids sustained high cash flow generation and
Slide 29: Q2 / H1 FY 26: Management Commentary
Q2 / H1 FY 26: Management Commentary • The quarter under review showed improvement with Revenue from Operations of ₹ 5.06 billion, EBITDA of ₹ 1.33 billion and Profit After Tax (PAT) of ₹ 914 million, all improving marginally on a y-o-y basis. We are pleased to report record order booking of ₹ 6.52
Slide 30: Q2 / H1 FY 26: Key Financial Indicators
Q2 / H1 FY 26: Key Financial Indicators REVENUE EBITDA and EBITDA Margin PAT and PAT Margin (₹ in Million) -9.0% -7.0% -9.1% 26.1% 18.2% 9,644 3,000 25.5% 27% 1,900 18.1% 17.8% 18.2% 26.1% 26.3% 17.8% 8,775 1,700 +1.0% 2,500 25% 1,714 1,558 18.0% 2,460 2,288 +1.5% 1,500 +0.4% 2,000 23% 17.8% 5,011 5
Slide 31: Q2 / H1 FY 26: Record Closing Order Book
Q2 / H1 FY 26: Record Closing Order Book (₹ in Million) Order Booking Closing Order Book -1.7% +23.6% 22,197 12,082 11,878 +14.1% 17,963 6,523 5,719 Q2 FY 25 Q2 FY 26 H1 FY 25 H1 FY 26 Q2/H1 FY 25 Q2/H1 FY 26 • Domestic order booking grew by 52% • The domestic outstanding order book y-o-y to ₹ 4.07
Slide 32: Shareholding Pattern
Shareholding Pattern
Slide 33: Shareholding Pattern
Shareholding Pattern 1.32% 1.67% 3.94% 5.77% 10.81% 13.11% 28.09% 23.60% 55.84% 55.84% 30-Sep-24 30-Sep-25 Promoter Group Foreign Portfolio Investors Mutual Funds + AIF Resident Individuals Others As on September 30, 2025 Mutual Funds + AIF, Resident Individuals increased holding y-o-y along with Ot
Slide 34: Investor Relations Contact
Investor Relations Contact
Slide 35: Investor Relations Contact
Investor Relations Contact Surabhi Chandna / Amit Shah Visit us: Investor Relations & Value Creation www.triveniturbines.com ir@triveniturbines.com +91 - 120 - 4308000 8th Floor, Express Trade Towers Plot No. 15 & 16, Sector 16-A, Noida – 201 301, India. Some of the statements in this presentation t
Slide 36: Thank You
Thank You