Q1 & FY27 Earnings Conference Call Transcript

By E-filing REF: TTL: SE: 08/11 Date: August 17, 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: TRITURBINE Dear Sir/Ma’am, Subject: Transcript of Investors’/ Analysts’ Conference call held on August 11, 2026 Pursuant to Regulation 30 read with read with Para A of Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed the transcript of the earnings conference call held on August 11, 2026 for investors/analysts in respect of the standalone and consolidated unaudited financial results of the Company for the first quarter ended on June 30, 2026. The transcript is also available on the Company’s website at www.triveniturbines.com. You are requested to take this information on record. Thanking you, Yours’ faithfully For Triveni Turbine Limited Pulkit Bhasin Company Secretary M. No. A27686 Encl: A/a TRIVENI TURBINE LIMITED Registered & Corporate Office Peenya – Manufacturing Facility & Sales Office Sompura – Manufacturing Facility & Sales Office 401, BPTP Capital City, Sector 94, 12-A, Peenya Industrial Area, Peenya, Bengaluru, 491, Sompura 2nd Stage KIADB, Sompura Industrial Noida, Uttar Pradesh - 201 301 Karnataka - 560 058 Area, Nelamangala Taluk, Bengaluru, Karnataka – 562 123 Telephone: +91 120 4848000 Telephone: +91 80 22164000 Telephone: +91 80 28060700 CIN: L29110UP1995PLC041834, Website: www.triveniturbines.com Triveni Turbine Limited Q1 & FY27 Earnings Conference Call Transcript August 11, 2026 MANAGEMENT: Nikhil Sawhney - Vice Chairman and Managing Director S.N. Prasad - Chief Executive Officer Manikantan Rajendran - Chief Marketing Officer Sachin Parab - Chief Operating Officer Lalit Agarwal - Chief Financial Officer Shreya Sharma - Head of Investor Relations and Value Creation Moderator: Ladies and gentlemen, good day and welcome to the Triveni Turbine Q1 FY 2027 Earnings Conference Call. As a reminder, all participant lines will be in a listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing * then 0 on your touchtone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Gavin Desa from CDR India. Thank you, and over to you, sir. Gavin Desa: Thank you. Good day, everyone, and a warm welcome to all of you participating in the Q1 FY 2027 earnings conference call of Triveni Turbine Limited. We have with us today on this call Mr. Nikhil Sawhney, Vice Chairman and Managing Director; Mr. S.N. Prasad, the Chief Executive Officer; Mr. Sachin Parab, Chief Operating Officer; Mr. Lalit Agarwal, Chief Financial Officer; Mr. Manikantan Rajendran, Chief Marketing Officer; and Ms. Shreya Sharma, Head of Investor Relations and Value Creation. Iwould like to now hand over to Shreya Sharma to share some opening remarks. Over to you, Shreya. Shreya Sharma: Thank you, Gavin. Good day everyone, and thank you for joining us for the company's Q1 FY 2027 earnings call. I hope you all have a chance to review the results and an accompanying presentation uploaded on the exchanges and on our website earlier. Our discussion on the call will follow that presentation. Before we begin, I would like to remind you all that some of the statements made today may be forward-looking in nature and are covered by the disclaimer of the earnings presentation. Page 1 of 16 Joining me on the call today is the senior leadership team, who will take you through these key business developments and performance for this quarter. After the remarks, we will open the floor for the questions. With that, let me hand it over to our Vice Chairman and Managing Director, Mr. Nikhil Sawhney. Over to you, Mr. Sawhney. Nikhil Sawhney: Thank you very much, Shreya. Thank you, Gavin. A very good afternoon, ladies and gentlemen, and thank you for joining the Q1 FY 2027 earnings call for Triveni Turbine Limited. As we had anticipated, the quarter remained challenging. Revenue from operations came in at ₹4.43 billion, up by 19.2% year-on-year. Domestic sales grew by 27.4% to ₹2.4 billion and exports grew by ₹10.8 billion to ₹2.03 billion. Taking the export share in revenue to 48.8% against 49.3% in Q1 FY 2026, a reflection of the stronger domestic contribution this quarter. Profitability, however, was softer in the quarter. EBITDA stood at ₹797 million at a margin of 18% against 25.8%, and a profit before tax of ₹697 million was down 20.1% at a margin of 15.7%, as opposed to 23.5% at the same quarter of the previous year. The execution in this quarter reflects the business environment and order intake of roughly a year ago. So the softer order mix of H1 FY 2026 has carried through to Q1 FY 2027 profitability. Delivery phasing of certain strategic orders has also added to the softening of margins. With delivery spread across quarters and this quarter's revenue including the balance brought out scope of certain projects, a majority of this would be taken care of within the first half of this year. We remain optimistic on growths of both profit as well as revenue for the full-year FY 2027, which will of course be backended as suggested by the note. The balance sheet in this quarter has also improved, even though we are not reporting it. As a difference between Q4 FY 2026 and Q1 FY 2027 is a reduction in receivables and therefore a reversion to negative working capital and an increase in the cash balance of the company. On the order booking front, the order booking for the quarter stood at ₹5.68 billion as compared to ₹5.36 billion in Q1 FY 2026, a growth of 6.1% year- over-year, an increase led entirely by exports and aftermarket. Export order booking grew 53.4% year-over-year, accounting for 68% of the total order booking as against 47% in Q1 FY 2026. This reflects our continued traction and momentum across Southeast Asia, Africa, and Europe, and across segments such as biomass, waste-to-energy, in addition to the conventional segments. The share of aftermarket order booking increased to 39% of total order booking compared to 27% in Q1 FY 2026, a growth of 54%. Domestic and product order booking witnessed a slowdown during the quarter, lower by 35.4% and 11.6% respectively on a year-on-year basis. The higher share of exports and aftermarket orders reflects the continued strengthening of our business mix. It is improving the quality of our order book and shifting the portfolio towards better margin offerings, which should support the profitability as we execute those orders. Page 2 of 16 The overall order book also witnessed an improvement. Our international expansion strategy, coupled with continued innovation and entry into new product segments, has yielded encouraging results. The closing order book stood at ₹21.8 billion as of the 30th of June as compared to ₹20.74 billion a year ago, reflecting a 5.1% year-on-year increase. Export order booking accounted for 57% of the closing order book. The aftermarket business also continued to gain strong momentum, with closing orders increasing 115% year-over-year to ₹6.24 billion on the back of contract wins in the geothermal and utility segments, and continued traction in the refurbishment and performance optimisation solutions, which contributed 29% to the closing order book. This performance underscores the company's agility in operating across geographies and sectors, positioning us well to capitalise on emerging opportunities across geothermal process industries, utility scale refurbishment, and renewable thermal solutions. And the growing global emphasis on energy efficiency and decarbonisation, coupled with renewable energy adoption and decentralised power generation, continues to generate and create strong and [Showing first 8,000 characters — download PDF for full document]