Triveni Turbine Ltd. has reported strong Q3 FY25 earnings, with net profit surging 35.5% YoY to ₹92.4 crore, compared to ₹68.2 crore in the same quarter last year. The company’s revenue grew by 16.6% YoY, reaching ₹503.4 crore, driven by robust order execution and sustained demand in the industrial steam turbine segment.
Key financial highlights (YoY):
- Net profit: ₹92.4 crore, up 35.5% from ₹68.2 crore.
- Revenue: ₹503.4 crore, marking a 16.6% increase from ₹431.7 crore.
- EBITDA: ₹109.3 crore, reflecting a 30.4% growth from ₹83.8 crore.
- EBITDA margin: Expanded to 21.7% from 19.4%, indicating improved operational efficiencies.
Triveni Turbine’s performance was supported by strong order execution, increased exports, and improved pricing strategies, which contributed to higher EBITDA growth and margin expansion.
Major order win from NTPC
Earlier this week, Triveni Turbine Limited secured a significant order worth ₹2.9 billion from NTPC Limited for the development of a CO2-based standalone Energy Storage System (ESS). The project, located at NTPC Kudgi Super Thermal Power Plant (STPP) in Karnataka, represents a major milestone in India’s adoption of advanced energy storage technologies.
The 160 MWh ESS system will enhance power reliability and efficiency by leveraging CO2-based storage technology. The contract includes the design, engineering, manufacturing, supply, erection, and commissioning of the system, ensuring seamless integration with NTPC’s infrastructure.
This deal strengthens Triveni Turbine’s position in the clean energy transition and aligns with India’s growing focus on sustainable energy solutions.
