Triveni Turbine posts Q1 FY27 revenue growth, margin pressure

Triveni Turbine Ltd reported a 12% year-on-year increase in consolidated revenue for the first quarter of fiscal 2027, driven by higher order inflows in its wind power segment. The company’s Q1 FY27 standalone revenue rose to ₹2.1 billion from ₹1.87 billion in the same period last year, according to presentation slides reviewed by Reuters.

Gross margins, however, declined sequentially and year-on-year, reflecting higher raw material and logistics costs. Operating margins contracted to 15.2% from 18.1% in Q1 FY26, while net profit fell 8% to ₹240 million compared with ₹260 million a year earlier. The company attributed the margin squeeze to elevated steel and copper prices, as well as increased freight expenses.

Triveni Turbine, a key supplier to India’s renewable energy sector, maintained its outlook for steady demand amid government targets for 500 gigawatts of renewable capacity by 2030. The company noted that order backlog stood at ₹14.5 billion as of June 30, providing visibility for the next 12-18 months. Management highlighted efforts to mitigate cost pressures through operational efficiencies and vendor negotiations.

Analysts tracking the stock described the results as mixed, with revenue growth offset by margin headwinds. The company’s shares, which have gained 18% year-to-date, were trading marginally higher in early trade on Tuesday.