Name: Latest research reports of Triveni Turbine Ltd. authored by Prabhudas Lilladhar and published by - Trendlyne research reports.
Item: Triveni Turbine Ltd.
Rating: 5
Author: Prabhudas Lilladhar

Q4FY20 Result Update - Demand normalization remains key - BUY

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Prabhudas Lilladhar

Factoring in worst case scenario, management believes that there could be 1015% revenue de-growth for FY21E however it is working towards a flat growth. Triveni Turbine Ltd (TRIV) reported weak performance for the quarter led by 61% de-growth in the domestic segments. Due to Covid-19 pandemic, there were deferment of orders and lower than anticipated industrial capex, order inflow (OI) decreased by 24% YoY in 4Q led by de-growth in both domestic (down,32% YoY) and exports market (down 16% YoY). Thereby a subdued...