Triveni Turbine Ltd (TTL) is the domestic market leader in steam turbines up to 30 MW. The Company designs and manufactures steam turbines up to 100 MW, and delivers robust, reliable and efficient endto-end solutions. Q2FY19 revenue growth (-1% YoY) was lower than estimate mainly on account of deferment of deliveries by the customers. Order inflow grew by 11% YoY supported by 16% YoY increase in orders from turbine business. Higher employee cost & other expenses restricted EBITDA margin to 20.7% (-60bps YoY)....