Triveni Turbine Limited · NSE:TRITURBINE
Triveni Turbine — Q3 FY26 Earnings Presentation
47 slides from Triveni Turbine's earnings presentation, Feb 3, 2026
Slide 1: Exchange filing cover letter
By E-filing REF: TTL: SE: 02/02 Date: February 3, 2026 BSE Limited National Stock Exchange of India Limited P.J. Tower, Exchange Plaza, Dalal Street, Fort, Bandra-Kurla Complex, Bandra (E), Mumbai Mumbai - 400 001 - 400 051 Thru: BSE Listing Centre Thru: NEAPS STOCK CODE: 533655 STOCK CODE: TRITURBI
Slide 2: Key Highlights for Q3 FY 26
Registered & Corporate office: 401, BPTP Capital City, Sector-94, Noida, Uttar Pradesh, India, 201 301 CIN: L29110UP1995PLC041834 Key Highlights for Q3 FY 26 ➢ Highest ever quarterly Revenue and EBITDA ➢ Revenue stands at ₹ 6.24 billion, an increase of 24% y-o-y ➢ EBITDA stands at ₹1.54 billion, up
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: “The quarter under review delivered strong performance, with Revenue from Operations at ₹6.24 billion and EBITDA at ₹1.54 billion, both the
Slide 4: Performance Review Q3 FY 26
PERFORMANCE REVIEW The consolidated result of the Company includes the results of wholly owned foreign subsidiaries namely Triveni Turbines (Europe) Pvt. Limited (TTE), based in UK, with a 100% step down subsidiary Triveni Turbines DMCC (TTD), based in Dubai, with a 100% step down subsidiary Triveni
Slide 5: 9M FY 26 Performance Review
9M FY 26 Performance Review: • Revenue from operations grew by 2% y-o-y to ₹ 15 billion, a record for the Company at the nine-month mark. • Domestic sales declined by 17% y-o-y to ₹ 6.5 billion, while the export turnover increased by 24% y-o- y to ₹ 8.5 billion. • In 9M FY 26, the mix of domestic an
Slide 6: Summary of Consolidated Order book
Summary of Consolidated Order book (All figures in ₹ million, unless otherwise mentioned) Particulars Consolidated Consolidated Opening Order Book Q3 FY 26 Q3 FY 25 % Var 9M FY 26 9M FY 25 % Var Domestic 10,966 7,095 55% 8,172 7,518 9% Exports 11,231 10,868 3% 10,922 8,007 36% TOTAL 22,197 17,963 24
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: Unaudited standalone financial results
TRIVENI TURBINE LIMITED Registered & Corp. Office: 401,BPTP Capital Oty, Sector 94, Noida, Uttar Pradesh - 201 301 CIN: L29110UP1995PLC041834 Statement of unaudited standalone financial results for quarter and nine months ended Decemb er 31, 2025 (~ in millions, except per share data) Quarter ended
Slide 9: Notes to standalone financial results
TRIVENI TURBINE LIMITED Notes to the unaudited standalone financial results for the quarter and nine months ended December 31, 2025 1 The above unaudited standalone financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Ac
Slide 10: Unaudited consolidated financial results
TRIVENI TURBINE LIMITED Regis tered & Corp. Office : 401,BPTP Capital City, Sector 94, Noida, Uttar Pradesh - 201301 CTN: L29110UP1995PLC041834 Statement of un audited conso lid ated fin an cial results fo r the quarter and nine months ended December 31, 2025 (< in millions, except per share data) Q
Slide 11: Notes to consolidated financial results
TRIVENI TURBINE LIMITED Notes to the unaudited consolidated financial results for the quarter and n ine months ended December 31, 2025 1 The above unaudited consolidated financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Compani
Slide 12: Imagine. Innovate. Inspire - Q3 / 9M FY 26
Imagine. Innovate. Inspire Investor Presentation Q3 / 9M FY 26 February 2026
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 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 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 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 43 45 24 38 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 80 69 66 81 101 GW in 2024 61 58 60 49 40 a decline of ~1% p.a. yearly 20 during 2014 -
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 6.2 6.9 over a period of 10 years 7.6 5.0 5.5 0.0 Below 100 MW market ex-Chin
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 11
Slide 23: Providing Sustainable Turbine Solutions for Renewable Energy Space
Providing Sustainable Turbine Solutions for Renewable Energy Space 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 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 26: 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 27: 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 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 Note: Map for representation purpose and not to scale 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 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 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% 33% p.a. 34% p.a. 24.3% 30% p.a. 23.7% 6,000 30.0% 6,000 30.0% 23.0% 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 1,025 1
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 global
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: Q3 / 9M FY 26: Management Commentary
Q3 / 9M FY 26: Management Commentary The quarter under review delivered strong performance, with Revenue from Operations at ₹6.24 billion and EBITDA at ₹1.54 billion, both the highest ever achieved in a quarter. Profit After Tax stood at ₹917 million, broadly stable compared to the previous year, im
Slide 41: Q3 / 9M FY 26: Key Financial Indicators
Q3 / 9M FY 26: Key Financial Indicators REVENUE EBITDA and EBITDA Margin PAT and PAT Margin +2.3% 1.3% -6.2% (₹ in Million) 15,015 4,500 16.9% 14,678 3,824 4,000 3,774 3,000 +24.0% 3,500 2,475 2,500 2,640 3,000 - 1% 2,500 2,000 6,240 2,000 1,536 5,034 1,314 1,500 1,500 917 1,000 926 1,000 500 - 500
Slide 42: Q3 / 9M FY 26: Record Closing Order Book
Q3 / 9M FY 26: Record Closing Order Book (₹ in Million) Order Booking Closing Order Book -9% +9% 19,864 17,347 18,193 15,785 -26% 5,264 3,907 Q3 FY 25 Q3 FY 26 9M FY 25 9M FY 26 9M FY 25 9M FY 26 • Domestic order booking grew • The domestic outstanding order book marginally y-o-y to ₹1.82 billion an
Slide 43: Shareholding Pattern
Shareholding Pattern
Slide 44: Shareholding Pattern
Shareholding Pattern 1.11% 1.18% 4.25% 6.00% 10.47% 14.6% 28.34% 22.38% 55.84% 55.84% 31-Dec-24 31-Dec-25 Promoter Group Foreign Portfolio Investors Mutual Funds + AIF Resident Individuals Others As on December 31, 2025 Mutual Funds + AIF, Resident Individuals increased holding y-o-y along with Othe
Slide 45: Investor Relations Contact
Investor Relations Contact
Slide 46: Investor Relations Contact
Investor Relations Contact Shreya Sharma/ Amit Shah Visit us: Investor Relations & Value Creation www.triveniturbines.com ir@triveniturbines.com +91 - 120 - 4848000 401, BPTP Capital City, Sector-94,Gautam Buddha Nagar, Noida, Uttar Pradesh – 201 301, India. Some of the statements in this presentati
Slide 47: Thank You
Thank You