Triveni Turbine Share Price Slumps Over 8% Post Weak Q1 FY26 Results
Triveni Turbine stock witnessed a sharp decline of nearly 9% on Tuesday, shortly after the company announced its Q1 FY26 results that failed to meet market expectations. The Triveni Turbine share price dropped by 8.69% to ₹540.70 on the BSE, down from its previous close of ₹592.20, making it the top loser on the exchange in early deals.
The Q1 financial performance revealed a 19.3% YoY decline in net profit to ₹64.5 crore, compared to ₹80 crore in Q1 FY25. Revenue also fell steeply by 19.9%, slipping to ₹371.3 crore from ₹463.3 crore in the same quarter of the previous fiscal. These numbers painted a grim picture, especially after strong performance in FY25 and multi-year stock growth.
Key Highlights of Triveni Turbine Q1 FY26 Results
- Net Profit: ₹64.5 crore, down 19.3% YoY
- Revenue: ₹371.3 crore, down 19.9% YoY
- EBITDA: ₹73.8 crore, down 22.1% YoY
- EBITDA Margin: 19.8%, decreased from 20.6%
- Order Booking: ₹536 crore, down 16% YoY
- Dividend Record Date: September 1, 2025 (Final dividend for FY25)
Notably, despite the fall in EBITDA to ₹73.8 crore, there was some positivity in margin numbers reported later in the day, with the EBITDA margin shown at 25.8% in another statement, up 100 bps from 24.8% YoY. This could be a result of revised cost optimization measures, but the inconsistency in reporting might have confused investors further.
What Went Wrong for Triveni Turbine?
Dhruv M. Sawhney, Chairman and Managing Director of Triveni Turbine Limited, openly called the performance "disappointing". He attributed the Q1 slump to geopolitical uncertainties impacting international order inspections. As several clients postponed dispatches due to travel hesitations (especially amid India-Pakistan and Israel-Iran tensions), revenue recognition was significantly affected.
"While we were anticipating performance to be back-ended and had indicated lumpy growth in the financial year, the quarter’s performance fell short of our expectations and proved to be more challenging," Sawhney noted.
Is It Time to Worry or a Buying Opportunity?
Triveni Turbine has been a multibagger stock over the past few years. In fact, the stock has delivered an impressive 189% return over the last three years and a whopping 755% gain in five years. Despite the recent fall, its long-term growth story remains intact, driven by technological leadership in industrial steam turbines up to 100 MW and a solid export portfolio.
Moreover, the company has a strong order backlog in API (American Petroleum Institute) and IPG (Industrial Power Generation) turbine segments. The management remains confident of maintaining growth for the full FY26, supported by robust market expansion in the USA and a reliable domestic supply chain.
Market Cap and Stock Performance Post Q1
The market capitalization of Triveni Turbine dropped to ₹17,513 crore following Tuesday’s slump. According to recent charts, the stock had been consolidating around ₹590–610 levels and the breakdown below ₹550 now puts immediate support at ₹510–₹520 range. If market sentiment does not improve or earnings guidance worsens, a test of these levels cannot be ruled out.
On the upside, analysts say the ₹600 mark now acts as a strong resistance until the company shows signs of a revival in dispatches and order inflows. Investors should also monitor export data and developments in global travel norms, as these are key factors affecting Triveni’s revenue recognition model.
Dividend Announcement
Despite weak Q1 earnings, Triveni Turbine has set Monday, September 1, 2025, as the record date for the final dividend for FY25. If approved during the AGM, the dividend will be distributed on or before October 7, 2025. The management’s commitment to return value to shareholders is a small but positive signal during this earnings disappointment.
Triveni Turbine: Company Overview
Triveni Turbine Limited (TTL) is a leading engineering company in India with specialization in decentralized steam-based renewable turbines. The firm caters to industrial heat and power solutions globally and has made strong strides in the under-100 MW turbine market. Its core strength lies in R&D, cost competitiveness, and reliable supply chain across India and emerging markets.
Conclusion: What Should Investors Do?
While the Triveni Turbine Q1 FY26 results were clearly below street expectations, long-term investors might consider this dip as an opportunity to accumulate gradually, especially given the stock’s strong historic performance, a healthy order book, and positive future outlook. However, short-term traders must remain cautious due to weak technicals and volatile sentiment in the small-cap engineering space.
As always, investors should consult with a certified financial advisor before making buy or sell decisions. Markets may continue to be volatile until more clarity emerges in the next few quarters.
Disclaimer: This blog is for informational purposes only. It is not investment advice. Please consult a registered advisor before making any financial decisions.
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