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Prabhudas Lilladher Report
Triveni Turbine Ltd. reported decent quarterly performance led by pickup in domestic market (up 37.7% YoY), while exports were impacted due to travel restriction and disruption faced by clients.
Lower contribution of exports (33% of revenue versus 46% in Q1 FY21) impacted Ebitda margins during the quarter, though it is expected to normalise with exports pick up and rise in share of aftermarket segment.
Triveni Turbine's order inflow came in at Rs 2.7 billion (highest in last four years) driven by strong growth in both domestic and exports market.
Order backlog stands strong at Rs 7.3 billion (one time trailing twelve months revenue).
Enquiry pipeline remains robust with domestic/exports enquiry generation growing by 136%/21% YoY.
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