Triveni Turbine Share Price Rises 10%, Nifty Down 0.14% At 12:30 PM

On November 26, 2024, Triveni Turbines’ share price traded 10.49% higher at ₹844.30 at 12:30 PM on the NSE. Investor confidence, favourable market conditions, and optimism about the growth of the engineering sector all contributed to the stock’s performance. Meanwhile, the Nifty 50 Index was down 0.14% at 24,188.90.

Recent Q2 FY25 Financial Highlight 

Triveni Turbines reported a 42% increase in consolidated profit after tax, reaching ₹91 crore for the quarter ending September 2024, as against ₹64 crore in the same quarter last year.

The company’s total income increased to ₹520.7 crore from ₹402.3 crore in the corresponding period last year. During the July-September quarter of fiscal 2025, order bookings surged by 25% to ₹572 crore, with export orders rising by 50% to ₹304 crore.

A major contributor to this growth in product order bookings was the finalisation of orders from industrial customers for biomass-based process cogeneration and American Petroleum Institute turbines.

About Triveni Turbines

Triveni Turbines specialising in the production of steam turbines, which are used in a variety of industrial applications, including power generation, sugar, and ethanol production. The company is well-regarded for its expertise in designing and manufacturing energy-efficient turbines that cater to both the domestic and international markets.