BQ Prime'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 BQ Prime's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
Triveni Turbine Ltd. reported record operational performance on account of execution ramp up and strong export sales (up 122% YoY). Ebitda margins contracted ~60 basis points YoY owing to subcontracting charges (Rs 252.4 million) associated with the execution of a large order in South. African Development Community region.
Triveni Turbines' order inflows came in at a record Rs 4.2 billion (up 31% YoY) led by strong growth in export markets (up 181% YoY) at Rs 2.3 billion while domestic order inflows de‐grew by 21%.
Order book is at an all‐time high of ~Rs 12.3 billion (1.1 times trailing twelve months revenue), providing revenue visibility for FY24.
Enquiry pipeline remains strong in export markets like South East Asia, Europe, North America, West Asia, etc. from sectors such as process industries, waste to energy, waste heat recovery, municipal solid waste, independent power plants, renewable energy, etc.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 BQ Prime.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
