Triveni Turbine shares slipped sharply by more than 5% after the company announced its Q3 consolidated results, as the marginal decline in net profit and a slight contraction in operating margins weighed on investor sentiment despite healthy top-line growth.
For the December quarter, Triveni Turbine reported consolidated revenue of ₹624 crore, marking a solid 24.0% year-on-year increase compared with ₹503 crore in the same period last year. The revenue growth reflects continued demand momentum across key business segments and execution of a robust order pipeline.
Operating performance also improved on an absolute basis. EBITDA rose 22.7% year-on-year to ₹134 crore from ₹109 crore. However, profitability ratios showed mild pressure, with the EBITDA margin easing by 20 basis points to 21.5% compared with 21.7% a year ago. The slight margin compression appears to have played a role in the negative market reaction.
Net profit for the quarter came in at ₹92.1 crore, marginally lower by 0.3% on a year-on-year basis versus ₹92.4 crore in Q3 of the previous financial year.
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