Triveni Turbine Q4 Results Review - Robust Growth In Order Inflows To Continue: Nirmal Bang

"NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Nirmal Bang Report.Triveni Turbine Ltd.'s revenue grew by 24% YoY to Rs 4.6 billion with Ebitda margin coming in at 19.6%. Adjusted profit after tax grew by 36.9% YoY to Rs 760 million. The product/aftermarket services segment revenue changed by 42%/-3% YoY to Rs 3.1 billion/Rs 1.4 billion, leading to a sales mix of 69%/31%.  Order booking for Q4 FY24 fell by 7% YoY to Rs 4.4 billion, mainly led by lower domestic order booking. Order backlog grew by 17% YoY to Rs 15.5 billion with domestic: export mix at 48%:52%. The domestic 0-100 mega watt market has grown by ~25% to 2500 MW. The after-market segment has crossed the Rs 6 billion mark in annual order booking during the FY24. While we remain structurally positive on Triveni Turbine’s long term business prospects, the stock has run up ~50% from our last published note ( Feb, 07, 2024). As a result, we Downgrade to Accumulate with a revised target price of Rs 605 (40 times on March’26E EPS). In the near term, we expect strong order booking, enhanced servicing capabilities, efficiency to scale up operations, R&D proficiencies and expanding its aftermarket services in both domestic and international markets to drive growth. We believe it is a long-term compounder, and therefore, it should be accumulated at every dip..Click on the attachment to read the full report:.Bandhan Bank Q4 Results Review - PPoP Inline; Higher Write-Off Drags Down Earnings: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner."

Triveni Turbine Q4 Results Review - Robust Growth In Order Inflows To Continue: Nirmal Bang

Order booking for Q4 FY24 fell by 7% YoY to Rs 4.4 billion, mainly led by lower domestic order booking.

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Triveni Turbine Q4 Results Review - Robust Growth In Order Inflows To Continue: Nirmal Bang

Order booking for Q4 FY24 fell by 7% YoY to Rs 4.4 billion, mainly led by lower domestic order booking.

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