Triveni Turbine FY25 results: Revenue ₹20.06 bn

Key takeaway for investors

Triveni Turbine Ltd reported a record financial year in FY25, backed by higher revenue, margin expansion and stronger order inflows. The company also communicated multiple dividend actions across FY25 and the current financial year. For FY25, the board recommended a final dividend of ₹2 per share, in addition to an interim dividend of ₹2 per share, taking the total for the year to ₹4 per share. Separately, the company has declared a dividend of ₹2.25 on 09 Feb, 2026 for the current financial year, as stated in the provided information.

What the company said about FY25 performance

Management described FY25 as its highest-ever year for annual revenue, EBITDA, profit after tax (PAT) and order booking, along with a record closing order book. Consolidated revenue for FY25 was reported at ₹20.06 billion, up 21% year-on-year. EBITDA stood at ₹5.18 billion, up 36% year-on-year, with an EBITDA margin of 25.8%, higher by 280 basis points year-on-year. Profit before tax (PBT) was ₹4.89 billion, up 37% year-on-year, with a margin of 24.3%. PAT was reported at ₹3.59 billion, up 33% year-on-year.

Order booking hit a record, led by product orders

The company reported record annual order booking of ₹23.63 billion in FY25, up 26% year-on-year. Within this, product order booking grew 38% to ₹17.41 billion. Management attributed product order booking growth to order finalisations in the renewable energy sector, industrial clients for industrial power generation and heat, power producers and API turbines. Export demand remained a key contributor during the year, as reflected in the export order booking numbers.

Export contribution remained meaningful

Export order booking was reported at ₹12.59 billion in FY25, up 23% year-on-year. Exports accounted for 53% of total order booking and 57% of the closing order book, based on the earnings summary provided. The company’s closing consolidated outstanding order book stood at a record ₹19.09 billion (also stated as ₹19.1 billion in the text), up 23% year-on-year. Domestic outstanding order book was ₹8.2 billion, up 9%, while export outstanding order book was a record ₹10.9 billion, up 36% year-on-year.

Q4FY25 snapshot and how the quarter supported the full year

Reported Q4FY25 performance included strong year-on-year growth in profit and revenue. One report cited net profit of ₹9.39 billion? No, the provided quarter data is in crore terms: net profit of ₹93.9 crore in Q4FY25 versus ₹76 crore in Q4FY24, while operational revenue was ₹538 crore versus ₹458 crore. Converting to a single unit for consistency, Q4FY25 revenue of ₹538 crore equals ₹5.38 billion, and Q4FY25 net profit of ₹93.9 crore equals ₹0.939 billion. Export sales in Q4FY25 were reported at ₹280 crore (₹2.80 billion), representing 52% of total sales, while domestic sales were ₹260 crore (₹2.60 billion).

Dividend actions: what has been announced and for which year

Dividend information in the provided text spans multiple periods. For FY25 (FY 2024-25), the board recommended a final dividend of 200% which equals ₹2 per equity share (face value ₹1), subject to shareholder approval. This final dividend was stated to be in addition to an interim dividend of 200% which also equals ₹2 per equity share, taking the total FY25 dividend to ₹4 per share. Another part of the provided information states: “Triveni Turbine Ltd. has declared a dividend of ₹2.25 on 09 Feb, 2026” for the current financial year.

Stock move cited after the Q4 result

The provided market update noted that on May 12, 2025, Triveni Turbine shares rose sharply after the March quarter earnings and dividend proposal. The stock hit an intraday high of ₹579.25, up 12.30%, and was quoted around ₹565 later in the session, about 9% higher than the previous close around ₹515.6 to ₹515.65 (figures vary slightly across snippets provided). The move was linked to the reported earnings momentum and the proposed final dividend for FY25.

Longer-term growth context management highlighted

Management said the company has grown rapidly over the last three years. Between FY22 and FY25, revenue grew by 2.36 times with a CAGR of 33%, while PBT grew by 2.82 times with a CAGR of 41%. A separate earnings summary also cited multi-year CAGRs across FY21–FY25, including revenue CAGR of 30% per annum, EBITDA CAGR of 33% per annum, and PAT CAGR of 37% per annum. These figures were presented as context for the company’s recent operating trajectory.

Summary table of reported FY25 metrics

All figures are presented in ₹ billion unless noted.

Why the numbers matter for the sector

For industrial engineering and capital goods companies, the combination of revenue growth, margin expansion and a rising order book typically signals improving execution and healthier demand conditions. In Triveni Turbine’s case, FY25 reflected not only higher sales but also improved profitability ratios, with EBITDA margin rising to 25.8%. The export share of both order booking and the closing order book indicates that international markets are a meaningful part of the company’s demand profile, and that order book composition can influence near-term revenue visibility.

Conclusion

Triveni Turbine ended FY25 with record revenue of ₹20.06 billion, higher EBITDA and PAT, and record order booking of ₹23.63 billion with a closing order book of about ₹19.09 billion. On shareholder returns, the company reported a total FY25 dividend of ₹4 per share (₹2 interim plus a ₹2 final recommendation), and also stated a ₹2.25 dividend declared on 09 Feb, 2026 for the current financial year. The next formal step for the FY25 final dividend remains shareholder approval, as noted in the company’s disclosures.