Renewable energy, particularly wind energy, is rapidly emerging as a key sector in India’s energy transition. With vast wind potential, especially along the coastal regions, India is well-positioned to tap into this clean energy source. Companies like Inox Wind, Suzlon Energy, and Triveni Turbines are major players driving the industry forward, offering innovative turbine solutions and expanding India’s renewable energy capacity.
As the government sets ambitious targets for clean energy generation, the growth prospects for these companies are significant, with increasing investments and government incentives further accelerating the shift. Wind energy’s potential for job creation, sustainable development, and reduced carbon emissions positions it as a critical component of India’s future energy landscape.
Share Price
The shares of Triveni Turbines Limited are currently trading at Rs. 670 up by 5.52% from its previous close of Rs. 634.95 as of February 1, 2025. The stock has given a return of 79.53% in 1 year.
Recent Updates
Q3 Results
Triveni Turbine Ltd. has delivered a strong performance in its Q3 results for FY24, with notable growth across key financial metrics. Sales have increased by ₹71 crore, growing 16.43% from ₹432 crore in December 2023 to ₹503 crore in December 2024.
EBITDA also saw impressive growth of 29.76%, rising from ₹84 crore to ₹109 crore. This increase in profitability is reflected in a higher Operating Profit Margin (OPM), which grew by 3% from 19% to 22%, marking a 15.79% improvement.
Net profit grew by ₹25 crore, or 36.76%, from ₹68 crore in Q3 FY23 to ₹93 crore in Q3 FY24. Additionally, earnings per share (EPS) rose significantly by 35.35%, from 2.15 to 2.91. These results highlight Triveni Turbine’s strong financial position and operational efficiency, showcasing its ability to capitalize on growing demand and strengthen its position in the renewable energy sector.
Interim Dividend Announced
Triveni Turbine Ltd. has declared an interim dividend of ₹2 per fully paid-up equity share of ₹1 each for the financial year 2024-25. The Record Date for determining eligibility is set for Thursday, February 6, 2025. The interim dividend will be paid to shareholders (subject to tax deductions at source) on or before February 17, 2025. Shareholders whose names appear in the Register of Members or as Beneficial Owners in the Depositories on the Record Date will be entitled to the dividend.
About the Company
Triveni Turbine Ltd. is a leading manufacturer and supplier of power-generating equipment and solutions. Initially a division of Triveni Engineering & Industries Ltd. since the 1970s, it became a separate entity following a demerger in October 2010.
The company’s diverse product portfolio includes turbines ranging from 1-100 MW capacities, catering to industries such as sugar, cement, chemicals, textiles, palm oil, paper, steel, biomass power, distillery, and waste-to-energy sectors.
Triveni Turbine is known for its innovative, high-efficiency turbines that meet the energy needs of various industries, helping drive sustainable power generation solutions. With a strong market presence, the company continues to expand its footprint in the renewable energy sector.
Written By: Dipangshu Kundu
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