Triveni Turbine Ltd (BOM:533655)
₹ 731.85 1 (0.13%) Market Cap: 232.64 Bil Enterprise Value: 224.09 Bil PE Ratio: 81.75 PB Ratio: 24.58 GF Score: 99/100

Q1 2025 Triveni Turbine Ltd Earnings Call Transcript

Aug 06, 2024 / 07:00AM GMT
Release Date Price: ₹619.4 (+4.09%)

Key Points

Positve
  • Triveni Turbine Ltd (BOM:533655) reported a 23% year-over-year revenue growth, reaching INR4.63 billion for Q1 FY25.
  • EBITDA and PBT grew by 36% and 37% year-over-year, respectively, with a margin expansion of 240 basis points.
  • The company achieved its highest-ever quarterly order book of INR6.36 billion, a 40% year-over-year increase.
  • Export sales increased by 19% to INR2.16 billion, contributing 47% of total sales.
  • The Aftermarket segment showed strong performance, with a 21% year-over-year growth in turnover, reaching INR1.56 billion.
Negative
  • Domestic order booking was muted, growing only by 2% to INR2.16 billion in Q1 FY25.
  • The domestic outstanding order book decreased by 9% year-over-year to INR7.21 billion.
  • Despite the overall growth, the company noted that the order booking in the domestic market was affected by election-related uncertainties.
  • The company faces challenges in maintaining margins due to the volatility in commodity prices, although predictability has improved.
  • Investments in the newly commissioned US facility in Houston, Texas, are expected to incur a loss of around INR20 crores in the current year.
Operator

Ladies and gentlemen, good day, and welcome to the Triveni Turbine Limited Q1 FY25 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Rishab Barar from CDR India. Thank you, and over to you, sir.

Rishab Barar
Citigate Dewe Rogerson - IR

Good day, everyone, and a warm welcome to all of you participating in the Q1 FY25 earnings conference call of Triveni Turbine Limited. We have with us today on the call Mr. Nikhil Sawhney, Vice Chairman and Managing Director; Mr. Arun Mote, Executive Director; Mr. S.N. Prasad, Chief Executive Officer; Mr. Sachin Parab, Chief Operating Officer; Mr. Lalit Agarwal, CFO; and Ms. Surabhi Chandna, Investor Relations and Value Creations, along with other members of the senior management team.

Before we begin, I would like to mention that some statements made in today's discussion may be forward-looking in nature and a statement to this effect has been included in the invite, which was mailed to everybody earlier. I would now

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