Manufacturer of industrial steam turbines Triveni Turbine Ltd on Wednesday reported a 41.6% year-on-year decline in consolidated net profit to ₹53.3 crore for the second quarter of FY27, compared with ₹91.2 crore in the corresponding quarter last year.
Revenue declined 3% to ₹491 crore from ₹506 crore in the year-ago period. Earnings before interest, tax, depreciation and amortisation fell 43.9% to ₹64 crore from ₹114 crore a year earlier. EBITDA margin contracted to 13% from 23% in the corresponding quarter of the previous financial year.
The company's closing order book stood at ₹2,453 crore as of September 30, 2026, up 10.5% from ₹2,220 crore a year ago. The company's profit before tax declined 39.2% YoY to ₹75.7 crore in Q2 FY27, with the PBT margin falling to 15.4% from 24.6% in the corresponding quarter of the previous year.
Domestic sales rose 51.8% YoY to ₹340 crore, while export sales fell 46.6% to ₹151 crore. Exports accounted for 30.7% of revenue, compared with 55.7% in Q2 FY26, as domestic sales contributed a larger share during the quarter. Product revenue grew 4.4% YoY to ₹343 crore, while aftermarket revenue declined 16.7% to ₹148 crore, accounting for 30.1% of total revenue.
Earnings before interest, tax, depreciation and amortisation stood at ₹85.8 crore, with a margin of 17.5%, compared with 26.3% in the year-ago quarter. Product order booking rose 32.5% to ₹601 crore. However, aftermarket order booking declined 17.8% YoY to ₹164 crore, accounting for 21.4% of total orders compared with 30.5% in Q2 FY26.
Domestic order booking was marginally lower by 2.5% at ₹397 crore. Half YearFor the first half of FY27, revenue from operations increased 6.4% YoY to ₹934 crore. Domestic sales rose 40.7% to ₹580 crore, while export sales declined 24% to ₹354 crore. Exports contributed 37.9% of total revenue, compared with 53% in H1 FY26.
Aftermarket revenue accounted for 30.8% of revenue, down 2.3% YoY. EBITDA for H1 FY27 declined 27.7% YoY to ₹166 crore, with the margin falling to 17.7% from 26.1% in H1 FY26, a contraction of 833 basis points. PBT declined 31.4% to ₹145 crore, with the margin at 15.6%, down from 24.1% a year ago, a fall of 857 basis points.
PAT fell 32.9% to ₹104 crore, with a margin of 11.2% against 17.8% in H1 FY26. Order booking for H1 FY27 increased 12.2% YoY to ₹1,333 crore from ₹1,188 crore. Export order booking rose 51.6% to ₹752 crore, accounting for 56.4% of total orders compared with 41.8% in H1 FY26.
Aftermarket order booking grew 12.3% to ₹387 crore, maintaining its share at 29% of total order booking. Export orders rose 29.3% to ₹1,452 crore, accounting for 59.2% of the total order book compared with 50.6% a year ago. Aftermarket closing orders more than doubled, rising 105.4% YoY to ₹639 crore and accounting for 26.1% of the order book, compared with 14% a year earlier.
Separately, Triveni Turbine has approved an enhancement of its corporate guarantee for its step-down wholly owned subsidiary, Triveni Turbines Africa Pty Limited , South Africa. The company will increase the corporate guarantee in favour of a leading bank by up to $6 million for a non-fund-based working capital facility to be availed by the subsidiary.
This will take the aggregate facility limit from $9 million to $15 million. The company said the promoter, promoter group and group companies have no interest in the transaction. Under the arrangement, if Triveni Turbines Africa Pty Ltd fails to honour a claim under the facility, the bank will have the right to recover the amount covered by the guarantee from Triveni Turbine.