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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Triveni Turbine's stock has surged 27.5% over two sessions, reaching a record high. This spike follows the company's impressive performance in the July-September quarter, which included its highest-ever quarterly revenue and EBITDA, alongside a record closing order book in Q2.
Triveni Turbine reported a 43% year-on-year increase in PAT to Rs. 92 crore, driven by a 29% rise in revenue and an improved OPM of 22.2%. The order book surged 22% to Rs. 1,796 crore, with exports up 71%, while domestic orders declined. The company is well-positioned for growth, projecting a revenue/PAT CAGR of 26%/31% from FY2024 to FY2027, prompting a BUY recommendation with a target price of Rs. 870.
Triveni Turbine reported a 29.2% YoY revenue growth in Q2FY25, with an EBITDA margin increase of 306bps to 22.2%. Strong domestic demand and export orders, particularly from the Middle East and Americas, are expected to enhance margins, while aftermarket growth prospects remain robust. The stock is rated 'Buy' with a revised target price of Rs 800, reflecting a positive outlook driven by a healthy enquiry pipeline and strong order book.
Triveni Turbine Limited
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10:07 26.11.2024
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