Triveni Turbine's Q1 FY27 revenue grew 19.2% to ₹443 Cr, but margins softened (EBITDA 18%) due to a less profitable order mix from H1 FY26 and a strategic, near-zero margin NTPC tech-validation project.

However, export and aftermarket orders saw strong growth, pushing Q1 bookings up 6.1% to ₹568 Cr.

The closing order book stands robust at ₹2180 Cr, with exports comprising 57%. Management anticipates H2 FY27 will drive margin recovery and overall full-year growth, fueled by a high-quality order pipeline and international expansion, particularly in the US for data centers and aftermarket services.

Volatility is expected, but the company focuses on building a diversified order book.