Triveni Turbine's Strong Quarter: A Boost in Profit and Order Bookings

Triveni Turbine reported a notable 42% rise in consolidated profit after tax to Rs 91 crore for the September 2024 quarter, fueled by higher income and increased export order bookings. The company's total income rose significantly, driven by robust order bookings for biomass and API turbines.

Triveni Turbine experienced a robust quarter, announcing a 42% increase in consolidated profit after tax amounting to Rs 91 crore for the September 2024 period. This notable rise was propelled by an uptick in income and burgeoning export orders.

The company's financial progress is evident when compared to the previous year, where the profit after tax stood at Rs 64 crore for the same quarter. Total income saw a substantial rise to Rs 520.7 crore, up from Rs 402.3 crore a year earlier.

Dhruv M Sawhney, Chairman and Managing Director, emphasized this growth by highlighting a 25% year-on-year increase in order bookings, which totaled Rs 5.72 billion. Export orders, a key growth factor, surged by 50% year-on-year, reflecting Triveni Turbine's strength as a leading manufacturer in industrial steam turbines both in India and internationally.

(With inputs from agencies.)