Triveni Turbine Q2 profit flat at ₹91 crore; revenue up 1% YoY

Triveni Turbine Ltd reported a nearly flat consolidated net profit of ₹91.2 crore for the September quarter, up 0.3% from ₹90.9 crore in the year-ago period. Revenue from operations rose 1% year-on-year to ₹506.2 crore from ₹501.1 crore.

The company’s EBITDA grew 2.3% to ₹114.2 crore compared to ₹111.6 crore in the same quarter last year, while margins remained steady at 22.6% versus 22.3% a year ago.

At its board meeting held on November 10, Triveni Turbine also approved shifting its registered office to a new address in Noida and reappointed Ernst & Young LLP as its internal auditor for another three years.

The shares of Triveni Turbine ended 2.8% in the green in the session on Monday. The stock has fallen close to 30% in the year so far.

In the first quarter of the fiscal year, the manufacturer of industrial steam turbines reported a 19.3% decline in net profit at ₹64.5 crore, down from ₹80 crore in Q1FY25. Revenue also fell 19.9% to ₹371.3 crore against ₹463.3 crore year on year.

At the operating level, EBITDA tanked 22.1% to ₹73.8 crore in the April-June quarter over ₹95.6 crore last year. The EBITDA margin contracted to 19.8% from 20.6% in the same quarter last fiscal.

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