Heavy Electrical Equipment firm Triveni Turbine Announced Q1FY23 Result : Revenue from Operations for Q1 FY 23 at Rs 2.59 billion, an increase of 40.7% YoY EBITDA for the quarter at Rs 561 million, up 35.8% YoY, with a margin of 21.7% PAT for the quarter at Rs 383 million, an increase of 37.8% YoY Highest ever quarterly order booking of Rs 3.6 billion during Q1 FY 23 Record outstanding carry forward order book as on June 30, 2022 of Rs 10.7 billion Commenting on the Company’s financial performance and recent developments, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said: “Continuing on the successes from last year, the Company has started FY 23 on a positive note. During the quarter, we have reported yet another record order booking in a single quarter of ? 3.6 billion, which will boost our performance in the year. Despite the global turmoil, we see a multitude of opportunities of growth for the Company. From efficiency enhancement to approaching new geographies and sectors, we are engaging closely with customers to deliver products and solutions that meet their evolving needs. In the last year, the Company has embarked upon an all-round capacity expansion which spans from infrastructure to resources and capabilities. On the infrastructure side, as previously announced, the addition of a new bay in our Sompura plant is well underway. This will augment the space for assembly and testing of steam turbines at the factory. We expect this to complete in Q2 FY 23 and post the expansion, the Company’s capacity will be enhanced from 150-180 machines to 200- 250 machines per annum. Some of the sub-assemblies are also additionally outsourced to competent subcontractors to free up in-house capacity on valueadded, core activities. With the independent foray into the 30.1-100 MW segment, the Company is focusing on adding competencies across teams both in India and in the international market. Development Community (SADC) region, the Company has bagged a significant services contract for large steam turbines in this region as part of our aftermarket business. This is new and different from what we have conventionally been offering in various markets. It is a business capable of driving large top line growth in the services sub-segment. And the Company is exploring this new revenue stream to build capabilities to create a new niche and develop proficiency in a new segment of large utility steam turbines which could lead to greater service along with spares and refurbishment offerings internationally in future. This contract will help us establish Triveni REFURB brand, the Refurbishment business of TTL, in the Utility turbines space and create a reference for more lucrative contracts for turbines up to 900 MW and automatically qualify us for contracts in this and other geographies. The Company has made further inroads in the domestic and international API markets. This includes energy efficient drive turbines with single stage and multistage designs. Triveni’s in-house facilities and expertise for carrying out stringent API tests, such as unbalanced rotor response tests and steam run tests including load tests, are instrumental in steering its expansion in the stringent hydrocarbon markets. Coming to the other highlights of the quarter, in Q1 FY 23, the Company’s enquiry pipeline remains healthy. International enquiry generation increased by 22% YoY with enquiries from Central and South America, Turkey, North America, Southeast Asia and Europe. Among industry segments, IPP segment led to the higher enquiry base followed by Process industries. With this healthy enquiry pipeline coupled with outlook for order booking, the Company is well poised to leverage the opportunities in the coming years.” Result PDF