Triveni Turbine's profit after tax increased by 43% year-on-year to reach Rs. 92 crore. This growth was driven by a strong 29% increase in revenue and an operating profit margin of 22.2%.

The company's order book also saw a significant surge, with a 22% year-on-year increase to Rs. 1,796 crore. Export orders experienced a notable 71% increase, totaling Rs. 1,512 crore, while domestic orders declined to Rs. 709 crore.

Triveni Turbine achieved its highest quarterly order booking ever, totaling Rs. 173 crore, which was a 13% increase year-on-year. The company's aftermarket performance also reached a record turnover of Rs. 165 crore, growing 28% year-on-year.

Analysts project a compound annual growth rate of 26% for revenue and 31% for profit after tax from FY2024 to FY2027, citing the global shift towards renewable energy and waste-to-heat recovery as favorable trends for Triveni Turbine.

Sharekhan has reiterated a "BUY" rating with a target price of Rs. 870, reflecting a 46x multiple on the expected FY27 earnings per share of Rs. 18.9.