Triveni Turbine Limited · NSE:TRITURBINE
Triveni Turbine — Q1 FY26 Earnings Presentation
47 slides from Triveni Turbine's earnings presentation, Aug 4, 2025
Slide 1: Cover letter to stock exchanges: Q1 FY26 investors' presentation
... . 1 l'IIVIIRI TURBINES TRIVENI TURBINE LIMITED CORPO RATE OFF ICE 8"' Floor, Express T rade Towers, 15-16, Sector-1 6A, Naid a - 201301 , U.P., India T.: +91 120 4308000 I F : + 91 120 4 311010- 11 www.triveniturbines.com By E-filing REF: TTL: SE: 08/03 Date: August 4, 2025 BSE Limited National
Slide 2: Key Highlights and Performance Summary (Consolidated)
·1~· JSIVIIRI. TURBINES Registered office: A-44, Hosiery Complex, Phase-II, NOIDA 201 305, Uttar Pradesh Corporate office: Express Trade Towers, 8th floor, Plot No.- 15-16, Sector 16A, Noida 201301 Manufacturing Facility: 12A, Peenya Industrial Area, Peenya, Bengaluru 560 058 CIN : L29110UP1995PLC04
Slide 3: Chairman and Managing Director commentary
Commenting on the Company’s financial performance and recent developments, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: “Performance in the quarter gone by was disappointing largely on account of deferment of dispatches and orders to coming quarters. Several i
Slide 4: Performance Review
PERFORMANCE REVIEW Triveni Turbine Limited (TTL) is a focused, growing and market-leading corporation having core competency in the area of industrial heat & power solutions and decentralized steam-based renewable turbines up to 100 MW size. TTL is among the leading manufacturers of industrial steam
Slide 5: Aftermarket, order book and outlook
compared with the corresponding period of previous year. The aftermarket turnover was ₹ 1.17 billion during the quarter, a decline of 25% on a y-o-y basis. • Aftermarket contribution to turnover was 31% in Q1 FY 26, as compared to 34% in Q1 FY 25. • Total consolidated outstanding order book stood at
Slide 6: Summary of Consolidated Order book
Summary of Consolidated Order book (All figures in ₹ million, unless otherwise mentioned) Particulars Q1 FY 26 Q1 FY 25 % Var Opening Order Book Domestic 8,172 7,518 9% Exports 10,922 8,007 36% Total 19,094 15,525 23% Mix of Exports 57% 52% Product 16,487 12,709 30% After market 2,607 2,816 -7% Tota
Slide 7: About Triveni Turbine Limited
About Triveni Turbine Limited Triveni Turbine Limited (TTL) is a focused, growing and market-leading corporation having core competency in the area of industrial heat & power solutions and decentralized steam-based renewable turbines up to 100 MW size. The Company is amongst the leading manufacturer
Slide 8: Standalone unaudited financial results, quarter ended June 30, 2025
TRIVENI TURBINE LIMITED Regd. Office: A-44, Hosiery Complex, Phase II Extension, Noida, U.P. • 201 305 Corp. Office : 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, U.P • 201 301 CJN • L29110UP199SPLC041834 Statement of standalone unaudited financial results for quarter ended June 30, 20
Slide 9: Notes to the standalone financial results
TRIVENI TURBINE LIMITED Notes to the standalone unaudited financial results for the quarter ended June 30, 2025 1 The above standalone financial results have been prepared in accorda nce with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with U1e Compani
Slide 10: Consolidated unaudited financial results, quarter ended June 30, 2025
TRIVENI TURBINE LIMITED Regd. Office: A-44, Hosiery Complex, Phase II Extension, Noida, U.P. - 201305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-1 6A, o ida, U.P • 201 301 CIN • L29110UP1995PLC041834 Statement of consolidated unaudited financial results for the quarter e nded June
Slide 11: Notes to the consolidated financial results
TRIVENI TURBINE LIMITED Notes lo the consolidated unaudited financial results for the quarter ended June 30, 2025 1 TI1e above consolidated financial results have been prepared in accordance with Indian Accounting Sta ndards as prescribed under Section 133 of the Companies Act, 2013 read with the Co
Slide 12: Imagine. Innovate. Inspire - Q1 FY 26
.,... . l"IVIIRI TURBINES Imagine. Innovate. Inspire Investor Presentation Q1 FY 26 August 2025
Slide 13: 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 -,Jiv11ni _ _ _ _ _ _ _ _ _ _ __ 1 ; URBINES 2
Slide 14: 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 15: Market Overview
Market Overview
Slide 16: Global Final Energy Consumption is led by Heating and Cooling Applications
Global Final Energy Consumption is led by Heating and Cooling Applications 11.2% 28.0 % 1 R1e11ewable, R1enewable Renewaib e energry e111ergy energry Thermal energy uses, which include space and water heating, space cooling, and industrial process heat, represent more than half (51%) of Global Total
Slide 17: Industry 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 18: Overall Global Steam Turbine Market has been declining
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
Slide 19: Global Steam Turbine Market <100 MW also declined
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
Slide 20: Contribution of Thermal Renewable Fuels in <100MW market 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 21: Company Overview
Company Overview
Slide 22: A Differentiated Product Portfolio Catering To Wide Range Of Applications
A Differentiated Product Portfolio Catering To Wide Range Of Applications Renewable Power Generation Applications Independent Power Producers (IPP) • Biomass • Waste Heat • Waste to Energy Recovery (WHR) (WtE) • Geothermal Up to 100 MW Other Power Generation Applications Condensing Steam Turbines1 •
Slide 23: Sustainable Turbine Solutions for Renewable Energy Space
Providing Sustainable Turbine Solutions for Renewable Energy Space ( l ~ I ® Biomass Waste-to-energy Waste Heat (bagasse, palm (Industrial Recovery oil , residues, wood and municipal (Metals , Steel , pellets , rice husk) waste) facilities Cement) -1;~· 1-/VIIRI. TURBINES 12
Slide 24: 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 25: Driving Growth through Refurbishment Solutions
Driving Growth through Refurbishment Solutions 12 01 Key Growth Area: Refurbishment Industrial Gas steam OEM expertise with vast knowledge 11 Turbines 02 O&M 1 of rotating equipment promoting refurbishment growth of Gas ·r 03 Large addressable market globally 10 steam Alternator 2 turbines rotors <
Slide 26: Our Strategic Priorities
Our Strategic Priorities ~ - -- • •.A.• [(ii I 'tlif' I ~ 000 CCl-:l I I Innovation-led Diversified business I Global Market Significance I People Focus Sustained Customer Centric Increasing & Products Proximity to Responsible & Customers Growth Solutions -,Jiv11ni _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ 1 ;
Slide 27: Our Unique Strengths
Our Unique Strengths Innovation capabilities Manufacturing Extensive and operational global reach excellence Proven engineering expertise with associated services ~ - &:a:.. ~ Sales and marketing efficiency Asset-light model Expert engineering team Responsible operations and responsible sourcing -1;
Slide 28: 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 29: Strong Global Footprint
Strong Global Footprint >80 Countries of Presence • • ■ Hea dquarters TTL & TESL (Subsidiary)- Bengalurui, llndia T Other Subsidi.airiesJIRepresentative Offi:ce 9 Countlies willh I lliStalled Base -1;~· 1-/VIIRI. Note: Map for representation purpose and not to scale TURBINES 18
Slide 30: 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 31: 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 32: 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 33: Continued ESG Focus
Continued ESG Focus Environmental Social 0 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 (i
Slide 34: Financial Performance Highlights
Financial Performance Highlights
Slide 35: 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 36: 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 1,0
Slide 37: 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
Slide 38: 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 39: 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 40: Q1 FY 26: Management Commentary
Q1 FY 26: Management Commentary • Performance in the quarter gone by was disappointing largely on account of deferment of dispatches and orders to coming quarters. Several international customers were reluctant to travel amid geopolitical uncertainties due to India-Pakistan and Israel-Iran tensions,
Slide 41: Q1 FY 26: Key Financial Indicators
Q1 FY 26: Key Financial Indicators REVENUE EBITDA and EBITDA Margin PAT and PAT Margin (₹ in Million) -19.9% -16.7% -19.9% 4,633 1,400 1,150 958 900 804 20.0% 27% 644 3,713 1,200 800 19.0% ■ 17.4% ■ 25.8% 25% 700 17.3% 18.0% 1,000 24.8% 600 23% ■ • 17.0% 800 16.0% 500 15.0% 600 21% 400 14.0% 400 300
Slide 42: Q1 FY 26: Record Closing Order Book
Q1 FY 26: Record Closing Order Book (₹ in Million) Order Booking Closing Order Book +20.2% 20,736 -15.8% 6,363 17,255 5,355 Q1 FY 25 Q1 FY 26 Q1 FY 25 Q1 FY 26 • Domestic order booking grew by 32% • The domestic outstanding order book y-o-y to ₹ 2.85 billion and contributed stood at a record ₹ 9.14
Slide 43: Shareholding Pattern
Shareholding Pattern
Slide 44: Shareholding Pattern
Shareholding Pattern - 1.04% 3.65% 11.96% 1.74% 5.58% 11.40% 27.51% 25.44% 55.84% 55.84% 30-Jun-24 30-Jun-25 ■ Promoter Group ■ Foreign Portfolio Investors ■ Mutual Funds + AIF ■ Resident Individuals ■ Others As on June 30, 2025 Resident Individuals increased holding y-o-y along with Others (detaile
Slide 45: Investor Relations Contact
Investor Relations Contact
Slide 46: Investor Relations Contact
Investor Relations Contact Surabhi Chandna Visit us: Investor Relations & Value Creation www.triveniturbines.com _ _ _ _ IS +91 - 120 - 4308000 ir@triveniturbines.com 8th Floor, Express Trade Towers Plot No. 15 & 16, Sector 16-A, Noida – 201 301, India. Some of the statements in this presentation th
Slide 47: Thank You
Thank You