Triveni Turbine Ltd (TRIV) reported steady set of numbers which were largely in line with our estimates. Revenue was down 4% YoY where exports grew 14% YoY which was offset by de-growth in domestic markets by 15% YoY. Order inflow (OI) increased 11% YoY mainly on account of growth in exports market which grew 28.5% YoY and domestic market remained muted. Order backlog (OB) was down 8% YoY at Rs6.94bn, which management is confident of higher year end number on the back of healthy enquiry pipeline. In the exports market, the renewable sector is driving demand mainly Biomass &...