Triveni Turbine (TTL) posted strong Q3 FY26 results! **1. Business Performance:** Revenue hit a record ₹624 Cr (+24% YoY), with EBITDA also at an all-time high of ₹154 Cr (+16.9% YoY), maintaining a 24.6% margin.

Profit After Tax (PAT) was ₹91.7 Cr, stable YoY due to a one-time ₹15.7 Cr exceptional charge for new wage code obligations.

Excluding this, adjusted PAT surged 12.76% YoY to ₹104.3 Cr.

Order booking for the quarter was ₹391 Cr (-26% YoY), primarily impacted by a 40% decline in export orders amidst global trade uncertainties, though domestic orders remained steady.

The outstanding order book stands at a robust ₹1986 Cr (+9% YoY), nearly doubling in three years. **2. Growth Drivers & Strategy:** TTL is actively diversifying, entering new business areas like geothermal applications and strengthening its position in utility-scale refurbishment.

The company is also focusing on energy transition solutions such as Heat Pumps.

The Aftermarket business recorded strong order growth, up 23% YoY to ₹158 Cr. **3. Management Commentary / Outlook:** Management expresses confidence in sustained healthy performance, backed by a strong order and inquiry pipeline.

Expanding global presence and increasing demand for renewable energy, energy efficiency, and decentralized power solutions are expected to drive future growth and profitability.