2 weeks Ago By [email protected] (MENAFN)
( MENAFN - ForPressRelease) Noida, November 11, 2024: Triveni Turbine Limited (TTL) a focused, growing and market- leading corporation having core competency in the area of industrial heat & power solutions and decentralized steam-based renewable turbines up to 100 MW size; today announced the performance for the second quarter and half year ended September 30, 2024 (Q2 / H1 FY 25). Commenting on the Company's financial performance and recent developments, Mr. Dhruv M.
Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: "In the quarter and half year ending September 30, Triveni Turbines has reported yet another strong set of results across all key metrics of revenues, profitability and order booking. Revenues for H1 FY 24 grew 26%, with improved margins leading to higher Profit Before Tax (PBT) growth of 43% and Profit After Tax growth of 37%, over the previous corresponding period. In Q2 FY 25, order booking grew 25% y-o-y to ₹ 5.
72 billion driven by export order booking which increased 50% y-o-y to ₹ 3.04 billion. Product order booking increased by 30% y-o-y to reach ₹ 3.
98 billion. Key drivers of growth in product order booking were finalization of orders by industrial customers for biomass-based process cogeneration along with API turbines. The Aftermarket business has been expanding its horizons through a wider array of customer solutions going beyond industrial steam turbines to other rotating equipment, while expanding its global footprint.
During Q2 FY 25, we received breakthrough Aftermarket orders from a diverse set of customers which led to the highest ever quarterly order booking of ₹ 1.74 billion, growing by 13% when compared with the corresponding period of previous year. The Aftermarket business also registered the highest ever turnover of ₹ 1.
65 billion during the quarter, which grew 38% y-o-y. The segment contributed to a healthy 33% of the total turnover in Q2 FY 25, as compared to 31% in previous corresponding period. In response to the growing demand for higher efficiencies and sustainable power generation, the Company is actively pursuing a robust R&D program aimed at advancing its product portfolio through digitization, and the development of innovative solutions aligned with energy transition and sustainability goals.
We are deeply committed to integrating digital technologies that enhance operational efficiency, streamline production processes, and enable data-driven insights to optimize our offerings. These digital advancements not only help strengthen our market reach but also enable us to deliver personalized, customer-centric solutions that meet the evolving needs of our clients. Our strategy is equally focused on fostering a people-centric culture, recognizing that our team's skills and expertise are pivotal to driving innovation and sustaining growth.
We invest in continuous training and capacity-building initiatives that empower our workforce and expand our collective capabilities, ensuring that we are well-equipped to navigate the rapidly changing market landscape. Furthermore, we maintain a competitive edge through global collaborations with leading experts, renowned universities, and design houses, leveraging these partnerships to amplify our research efforts and fuel sustainable, long-term growth for all stakeholders." Company :-Adfactors PR User :- Shristy Sonal Email :.
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