Shares of Triveni Turbine Ltd climbed 4.5% to Rs 553 on the NSE on Tuesday, November 11, following the company’s announcement of steady financial results for the September quarter of FY26 and key board decisions, including the reappointment of Ernst & Young LLP as its internal auditor.
The turbine manufacturer reported a consolidated net profit of Rs 91.2 crore, a marginal increase of 0.3% compared to Rs 90.9 crore in the same quarter last year. Revenue from operations rose 1% year-on-year to Rs 506.2 crore from Rs 501.1 crore.
At the operational level, EBITDA grew 2.3% to Rs 114.2 crore, up from Rs 111.6 crore a year ago, while the EBITDA margin remained stable at 22.6%, compared to 22.3% in the corresponding period.
The company’s board also approved the shifting of its registered office to Noida, reinforcing its focus on operational expansion and administrative efficiency.
At Rs 553, Triveni Turbine’s market capitalization stood at Rs 17,608 crore. The stock has traded between Rs 460.30 and Rs 885 over the past year, and it carries a P/E ratio of 51.78 with a dividend yield of 0.72%.
Despite falling nearly 30% in the year so far, the stock gained traction after the stable Q2 print, marking a recovery from its subdued first-quarter performance, where profit had dropped 19.3% YoY.
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