Triveni Turbine Ltd. Announces Q4 FY12 & FY12 Financial Results
FY 12 income from operations (net) at Rs. 632 crore; PBT at Rs. 135 crore and PAT at Rs. 91.1 crore - Strong growth in Exports revenue - 32% increase y-o-y; In difficult market conditions - maintained healthy Outstanding order book at Rs. 495 crore; Export order booking up by 36%; Good order inflow in April 2012; Total dividend – 65% including final dividend of 20%; Clear slowdown in Domestic market
Noida, India, May 10, 2012 --(PR.com)-- The results for the previous year ended 31st March, 2011 include turbine operations for six months only, subsequent to demerger from 1st October, 2010, and hence are not comparable with the current financial year.
FY 12 income from operations (net) at Rs. 632 crore
PBT at Rs. 135 crore and PAT at Rs. 91.1 crore
- Strong growth in Exports revenue - 32% increase y-o-y
- In difficult market conditions - maintained healthy Outstanding order book at Rs. 495 crore; Export order booking up by 36%; Good order inflow in April 2012
- Total dividend – 65% including final dividend of 20%
- Clear slowdown in Domestic market
Noida, May 7, 2012 : Triveni Turbine Limited (TTL), market leader in steam turbines upto 30 MW, today announced its performance for the fourth quarter and financial year ended 31st March 2012.
Performance Overview:
April - March 2012 v/s April - March 2011
(FY 12 v/s FY 11)
- Income from operations (net) at Rs. 632 crore
- EBITDA of Rs. 156 crore with a margin of 24.7%
- Profit before Tax (PBT) at Rs. 135 crore with a margin of 21.4%
- Profit after tax (PAT) at Rs. 91.1 crore, with a margin of 14.4%
- EPS for FY 12 at Rs. 2.75 per equity share
January - March 2012 v/s January - March 2011
(Q4 FY 12 v/s Q4 FY 11)
- Income from operations (net) at Rs. 143 crore
- EBITDA of Rs. 43 crore with a margin of 30.1%
- Profit before Tax (PBT) at Rs. 37.1 crore with a margin of 26%
- Profit after tax (PAT) at Rs. 24.9 crore, with a margin of 17.4%
- EPS for Q4 (not annualized) at Rs. 0.75 per equity share.
Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said:
"We are pleased to inform that even under the current difficult economic scenario which has resulted in putting the capex plans on hold and delayed order finalization, the company has achieved a modest increase in turnover and in PBT during the financial year under review when compared with the 12 month period of previous year – the turnover increased by 3% and PBT increased by 5%. During the year, the domestic market shrunk by over 40% and even under such situation, TTL could retain its market share of ~54% in the sub 30 MW range. The company's aggressive focus on the international markets has yielded results with export order booking going up by 36% year on year. During the year, the company also expanded its geographic reach from its established market of south east Asia to the developed markets such as UK and Turkey, especially in the bio-mass and waste to energy segments, which are less prone to economic cycles. Even though the year end order book is healthy with around Rs. 500 crore, we have been experiencing slowdown in our major segments, which if not corrected, may impact the order booking in FY 2013. The order inflow has been steady from those sectors where the focus of capex is to address efficiency or cost, which had been our experience under similar depressed and challenging times even in the past. We believe that our continued focus on exports and after-market will help us to meet the domestic market adversities effectively. Having secured an order during the year, the marketing teams of the partners are working in a concerted manner to bring more business to the GE Triveni Limited (joint venture with GE), our subsidiary company. The efforts are likely to yield encouraging results during the FY 2013."
About Triveni Turbine Limited
Triveni Turbine Limited (TTL) is a focused and growing corporation having core competency in the area of steam turbines manufacturing upto 30 MW size. The business of the company was demerged from Triveni Engineering & Industries Limited subsequent to a court approved demerger scheme. TTL is the market leader in the steam turbines with state-of-the-art manufacturing facility located in Bengaluru. A strong in-house Research & Development programme has enabled the company to expand its product range over the years. The main focus of the Company’s R&D programme is to meet the emerging needs of customers. The Company’s focus on the aftermarket services such as servicing, spares and refurbishment has proved to be a decisive differentiator from its competitors. GE Triveni Limited, the subsidiary of TTL, is the Joint Venture with General Electric to manufacture and market steam turbines from above 30 MW to 100 MW for the global market.
For further information on the Company, its products and services please visit www.triveniturbines.com
FY 12 income from operations (net) at Rs. 632 crore
PBT at Rs. 135 crore and PAT at Rs. 91.1 crore
- Strong growth in Exports revenue - 32% increase y-o-y
- In difficult market conditions - maintained healthy Outstanding order book at Rs. 495 crore; Export order booking up by 36%; Good order inflow in April 2012
- Total dividend – 65% including final dividend of 20%
- Clear slowdown in Domestic market
Noida, May 7, 2012 : Triveni Turbine Limited (TTL), market leader in steam turbines upto 30 MW, today announced its performance for the fourth quarter and financial year ended 31st March 2012.
Performance Overview:
April - March 2012 v/s April - March 2011
(FY 12 v/s FY 11)
- Income from operations (net) at Rs. 632 crore
- EBITDA of Rs. 156 crore with a margin of 24.7%
- Profit before Tax (PBT) at Rs. 135 crore with a margin of 21.4%
- Profit after tax (PAT) at Rs. 91.1 crore, with a margin of 14.4%
- EPS for FY 12 at Rs. 2.75 per equity share
January - March 2012 v/s January - March 2011
(Q4 FY 12 v/s Q4 FY 11)
- Income from operations (net) at Rs. 143 crore
- EBITDA of Rs. 43 crore with a margin of 30.1%
- Profit before Tax (PBT) at Rs. 37.1 crore with a margin of 26%
- Profit after tax (PAT) at Rs. 24.9 crore, with a margin of 17.4%
- EPS for Q4 (not annualized) at Rs. 0.75 per equity share.
Commenting on the Company’s financial performance, Mr. Dhruv M. Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said:
"We are pleased to inform that even under the current difficult economic scenario which has resulted in putting the capex plans on hold and delayed order finalization, the company has achieved a modest increase in turnover and in PBT during the financial year under review when compared with the 12 month period of previous year – the turnover increased by 3% and PBT increased by 5%. During the year, the domestic market shrunk by over 40% and even under such situation, TTL could retain its market share of ~54% in the sub 30 MW range. The company's aggressive focus on the international markets has yielded results with export order booking going up by 36% year on year. During the year, the company also expanded its geographic reach from its established market of south east Asia to the developed markets such as UK and Turkey, especially in the bio-mass and waste to energy segments, which are less prone to economic cycles. Even though the year end order book is healthy with around Rs. 500 crore, we have been experiencing slowdown in our major segments, which if not corrected, may impact the order booking in FY 2013. The order inflow has been steady from those sectors where the focus of capex is to address efficiency or cost, which had been our experience under similar depressed and challenging times even in the past. We believe that our continued focus on exports and after-market will help us to meet the domestic market adversities effectively. Having secured an order during the year, the marketing teams of the partners are working in a concerted manner to bring more business to the GE Triveni Limited (joint venture with GE), our subsidiary company. The efforts are likely to yield encouraging results during the FY 2013."
About Triveni Turbine Limited
Triveni Turbine Limited (TTL) is a focused and growing corporation having core competency in the area of steam turbines manufacturing upto 30 MW size. The business of the company was demerged from Triveni Engineering & Industries Limited subsequent to a court approved demerger scheme. TTL is the market leader in the steam turbines with state-of-the-art manufacturing facility located in Bengaluru. A strong in-house Research & Development programme has enabled the company to expand its product range over the years. The main focus of the Company’s R&D programme is to meet the emerging needs of customers. The Company’s focus on the aftermarket services such as servicing, spares and refurbishment has proved to be a decisive differentiator from its competitors. GE Triveni Limited, the subsidiary of TTL, is the Joint Venture with General Electric to manufacture and market steam turbines from above 30 MW to 100 MW for the global market.
For further information on the Company, its products and services please visit www.triveniturbines.com
Contact
Triveni Turbine Ltd.
Neha Arora
911204308000
www.triveniturbines.com
Neha Arora
911204308000
www.triveniturbines.com
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