TRITURBINENSE1 November 2023

Triveni Turbine Limited has informed the Exchange about Investor Presentation

Triveni Turbine Limited

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TURBINES

TRIVENI TURBINE LIMITED CORPORATE OFFICE 8" Floor, Express Tra de Towers , 15-16, Se ctor-16 A, Noida - 20 13 0 1, U.P., India T.: +91 120 4308000 I F: +91120 4311010-11 www.triveniturbines.com

By E-filing

REF:TIL:SE:

Date: I st November ,2023

BSE Limited P.J. Tower, Dalal Street, Fort, MUMBAI- 400 001 STOCK CODE: 533655 Sub: Investors' brief for Q2 & HI FY24 ended September 30, 2023

National Stock Exchange of India Ltd., Exchange Plaza, Bandra-Kurla Complex, Bandra (E), MUMBAI - 400 051 STOCK CODE: TRIT URBINE

Dear Sirs,

We send herewith a copy of investors' brief on the performance ofthe Company for the Q2 & HI FY24 (consolidated) ended September 30, 2023 for your information. The same is also being made available on the Company's website www.triveniturbines.com

Thanking you,

Yours Faithfully,

For Triveni Turbine Limited

Te G =

Rajiv Sawhney Company Secretary A-8047

Encl: As above

Regd Office :A-44, Hosiery Complex, Phase-II Extn., Noida - 201 305 (U.P.) CIN : L29110 U P19 95PL C 0418 34

Registered office: A-44, Hosiery Complex, Phase-II, NOIDA 201 305, Uttar Pradesh Corporate office: Express Trade Towers, 8th floor, Plot No.- 15-16, Sector 16A, Noida 201301 Manufacturing Facility: 12A, Peenya Industrial Area, Peenya, Bengaluru 560 058

CIN : L29110UP1995PLC041834

Key Highlights:

➢ Growth momentum maintained with highest ever quarterly Revenue and EBITDA along with a

record Closing Order Book

➢ Record revenue of ₹ 3.88 billion in Q2 FY 24, an increase of 32% y-o-y

➢ Highest ever EBITDA at ₹ 889 million in Q2 FY 24, up 34% with a margin of 22.9%, an increase

of ~25 bps y-o-y

➢ PAT for the quarter at ₹ 640 million, an increase of 38% y-o-y

➢ Robust Order booking of ₹ 4.59 billion during Q2 FY 24, an increase of 27% y-o-y

➢ Record revenue of ₹ 7.64 billion in H1 FY 24, an increase of 38% y-o-y

➢ Highest ever EBITDA at ₹ 1.73 billion in H1 FY 24, up 41% with a margin of 22.7%, an increase

of ~46 bps y-o-y

➢ PAT for the half-year at ₹ 1.25 billion, an increase of 48% y-o-y

➢ Robust Order booking of ₹ 9.12 billion during H1 FY 24, an increase of 27% y-o-y

➢ Record outstanding carry forward order book as on September 30, 2023 of ₹ 14.76 billion, an

increase of 30% y-o-y

➢ Investments including Cash at ₹ 8.32 billion, an increase of 24% from March 31, 2023

Noida, November 1, 2023: Triveni Turbine Limited (TTL) a focused, growing and market-

leading corporation having core competency in the area of industrial heat & power solutions and

decentralized steam-based renewable turbines up to 100 MW size; today announced the performance

for the second quarter and half year ended September 30, 2023 (Q2 / H1 FY 24).

Performance Summary (Consolidated) (All figures in ₹ million, unless otherwise mentioned)

Q2 FY 24 Q2 FY 23

Change

H1 FY 24 H1 FY 23

Revenue from Operations

3,878

2,930

32.4%

EBITDA

889

664

33.9%

7,642

1,732

5,520

1,226

EBITDA Margin

22.9%

22.7%

22.2%

Change

38.4%

41.3%

Depreciation & Amortisation

PBT

832

614

100

35.5%

1,618

1,121

44.3%

PBT Margin

21.5%

21.0%

21.2%

20.3%

Consolidated PAT

640

463

38.2%

1,250

847

47.6%

Consolidated PAT Margin

16.5%

15.8%

16.4%

15.3%

EPS (₹/share)

2.02

1.43

3.93

2.61

Commenting on the Company’s financial performance and recent developments, Mr. Dhruv M.

Sawhney, Chairman and Managing Director, Triveni Turbine Limited, said:

“In the quarter and half year ending September 30, Triveni Turbines has reported yet another

strong set of results across all key metrics of revenues, profitability and order booking. Revenues

for H1 FY 24 grew 38%, with improved margins leading to higher Profit Before Tax (PBT) growth

of 44% and Profit After Tax growth of 48%, over the previous year.

The Company has been focused on increasing the share of exports to address a larger market

globally along with widening its aftermarket services portfolio with a view to diversify avenues for

growth and improve its profitability pool due to better margin profiles of both. We are pleased to

report that the contribution of exports to sales has increased from 41% in H1 FY 23 to 47% H1

FY 24. Aftermarket as a % of sales contributed to 33% in H1 FY 24 as compared to 25% in

previous corresponding period.

In the product segment, the momentum remains strong both in India and in international markets.

Strong demand is witnessed in both industrial and API drive turbines. Order booking for product

segment in H1 FY 24 increased by 16% y-o-y to ₹6.13 billion with demand from a diverse set of

industries such as Sugar, Distillery, Steel, Oil & Gas among others. Despite the global turmoil, we

remain constructive on our growth prospects in the medium-term and have good have good

visibility of underlying demand through our robust enquiry book which has increased 33% y-o-y

in H1 FY 24 with a positive contribution from both domestic and international enquiries.

Our aftermarket business has been expanding its horizons through a wider array of customer

solutions going beyond industrial steam turbines to other rotating equipment, while expanding its

global footprint. Aftermarket sales grew a remarkable 81% over the previous corresponding

period. In terms of order booking, the segment grew 57% to ₹ 2.99 billion in H1 FY 24 with strong

performance both in domestic and international orders coming from efficiency upgrade and

automation orders.

With the burgeoning demand for higher efficiencies and sustainable power generation, the

Company continues to run an expansive R&D programme that focuses on quality enhancements

for existing product portfolio, digitalization, new product development aimed towards energy

transition & sustainability, along with innovations to provide customer-centric solutions. We

continue to collaborate globally with domain experts, renowned universities & design-houses, to

maintain a competitive edge and drive long-term sustainable growth for our various stakeholders.”

Q2 / H1 FY 24: PERFORMANCE REVIEW

Triveni Turbine Limited (TTL) is a focused, growing and market-leading corporation having core

competency in the area of industrial heat & power solutions and decentralized steam-based renewable

turbines up to 100 MW size. TTL is among the leading manufacturers of industrial steam turbines

globally. Apart from manufacturing, the Company also provides a wide range of aftermarket services

to its own fleet of turbines as well as turbines and other rotating equipment such as compressors,

rotors, etc. of other makes supported by its team of highly experienced and qualified service engineers.

The Company’s ability to provide high-tech precision engineered-to-order solutions has made it one of

the most trusted names within the sector.

The consolidated result of the Company includes the results of wholly owned foreign subsidiaries

namely Triveni Turbines (Europe) Pvt. Limited (TTE), based in UK, with a 100% step down subsidiary

Triveni Turbines DMCC (TTD), based in Dubai, with a 100% step down subsidiary Triveni Turbines

Africa (Pty) Ltd (TTAPL), based in South Africa. Further, results also includes the results of TSE

Engineering (Pty.) Ltd, (TSE) (70% owned step-down foreign subsidiary) based in South Africa. The

consolidated results also include the results of domestic wholly owned subsidiary namely Triveni Energy

Solutions Limited (TESL) (formerly known as GE Triveni Limited).

Q2 FY 24 Performance Review:

• During the quarter under review, revenue from operations grew by 32% as compared to previous

year to ₹ 3.88 billion, which were the highest ever achieved in a quarter.

• Domestic sales increased by 29% to ₹ 2.12 billion while the export turnover increased by 36% to ₹

1.76 billion.

• The mix of domestic and export sales was 55:45 for the quarter broadly similar to 56:44 in the

previous corresponding quarter.

• EBITDA increased by 34% to ₹ 889 million in Q2 FY 24 as against ₹ 664 million in Q2 FY 23.

• EBITDA margins increased by ~25 bps to 22.9% in Q2 FY 24 as against 22.7% in the last

corresponding quarter driven by the favourable sales mix with higher exports.

• Profit After Tax grew 38% y-o-y to ₹ 640 million during the quarter.

• The Company achieved robust order booking of ₹ 4.59 billion in Q2 FY 24 as against ₹ 3.61 billion

during Q2 FY 23, an increase of 27%.

• The domestic order booking during the quarter was ₹ 2.57 billion, an increase of 41% y-o-y, driven

by robust demand across sectors

• The export order booking during the quarter was ₹ 2.02 billion, growing by 13% as compared to

last year.

• On the Product side, order booking for the segment increased by 12% y-o-y to ₹ 3.06 billion, due

to high volume of orders in the international markets. The product segment turnover was ₹ 2.68

billion during the quarter, an increase of 20% over previous year.

• Aftermarket segment registered order booking of ₹ 1.53 billion during the quarter, growing by 73%

when compared with the corresponding period of previous year. The aftermarket turnover grew

handsomely coming in at ₹ 1.20 billion during the quarter, a growth of 71% over previous year.

• Aftermarket contributed to 31% of the total turnover in Q2 FY 24 vs. 24% in Q2 FY 23.

• Total consolidated outstanding order book stood at a record ₹ 14.76 billion as on Sep 30, 2023

which is higher by 30% when compared to the previous year. The domestic outstanding order book

stood at ₹ 8.41 billion, up 30%. The export outstanding order book stood at ₹ 6.35 billion as on

Sep 30, 2023, up 29% and contributing to 43% of the closing order book.

H1 FY 24 Performance Review:

• H1 FY 24 revenue from operations grew by 38% year-on-year to ₹ 7.64 billion, a record for the

Company at the half year mark.

• Domestic sales increased by 25% to ₹ 4.07 billion while the export turnover increased by 59% to ₹

3.57 billion.

• In H1 FY 24, the mix of domestic and export sales improved in favour of exports to 53:47, as

compared to 59:41 in the previous corresponding period.

• EBITDA increased by 41% to ₹ 1.73 billion in H1 FY 24 as against ₹ 1.23 billion in H1 FY 23.

• EBITDA margins increased by ~46 bps to 22.7% in H1 FY 24 as against 22.2% in the last

corresponding period driven by the favourable sales mix with higher exports.

• Profit After Tax grew 48% y-o-y to ₹ 1.25 billion during the half year.

• The Company achieved robust order booking of ₹ 9.12 billion in H1 FY 24 as against ₹ 7.19 billion

during H1 FY 23, an increase of 27%.

• The domestic order booking during H1 FY 24 was ₹ 4.69 billion, an increase of 8% y-o-y

• The export order booking during H1 FY 24 was ₹ 4.43 billion, growing by 56% as compared to last

year.

• On the Product side, order booking for the segment increased by 16% y-o-y to ₹ 6.13 billion, driven

by higher international orders. The product segment turnover was ₹ 5.15 billion during the half

year, an increase of 24% over previous year.

• Aftermarket segment registered order booking of ₹ 2.99 billion during the half year growing by 57%

when compared with the corresponding period of previous year. The aftermarket turnover grew

handsomely coming in at ₹ 2.49 billion during the half year, a growth of 81% over previous year.

Aftermarket contributed to 33% of the total turnover in H1 FY 24 vs. 25% in H1 FY 23.

OUTLOOK

• Rising global energy demand particularly in the industrial segment is expected to support demand

for heating and cooling solutions in the medium turn

• Despite global macroeconomic concerns, momentum in enquiry generation remains strong boosted

by the transition towards cleaner and more sustainable energy sources. With a strong presence in

the renewable segment, outlook for the Company remains favourable

• Continued focus on developing the entire value chain from human resources, supply chain partners,

technological collaborations position the Company well for growth and expansions

• Wide portfolio of products and services, addressing large number of international markets aiding

diversified revenue and profitability streams

Summary of Consolidated Order book

(All figures in ₹ million, unless otherwise mentioned)

Particulars

Opening Order Book Q2 FY 24 Q2 FY 23 % Var H1 FY 24 H1 FY 23 % Var

Mix of After market

16%

17%

7,962

6,088

6,280

4,412

27%

38%

7,789

5,493

5,383

4,320

45%

27%

14,050

10,692

31%

13,282

9,703

37%

43%

11,859

2,191

41%

8,831

1,861

41%

11,255

2,027

34%

18%

14,050

10,692

31%

13,282

1,824

1,783

41%

13%

15%

4,687

4,432

45%

8,181

1,522

9,703

16%

38%

33%

37%

4,345

2,841

56%

2,569

2,018

4,587

44%

3,056

1,531

4,587

33%

2,121

1,757

3,878

45%

2,678

1,200

3,878

31%

8,409

6,349

3,607

27%

9,119

7,186

27%

49%

2,721

886

12%

73%

49%

6,132

2,987

40%

5,285

1,902

16%

57%

3,607

27%

9,119

7,186

27%

25%

1,641

1,289

33%

26%

29%

36%

4,067

3,576

3,266

2,255

25%

59%

2,930

32%

7,643

5,520

38%

44%

2,229

700

2,930

24%

20%

71%

32%

47%

5,151

2,492

7,643

33%

41%

4,143

1,377

5,520

25%

24%

81%

38%

6,463

4,906

30%

29%

8,409

6,349

6,463

4,906

30%

29%

Domestic

Exports

TOTAL

Mix of Exports

Product

After market

Total

Order booking

Domestic

Exports

TOTAL

Mix of Exports

Product

After market

Total

Mix of After market

Sales

Domestic

Exports

TOTAL

Mix of Exports

Product

After market

Total

Mix of After market

Closing Order book

Domestic

Exports

TOTAL

Mix of Exports

Product

After market

Total

14,758

11,369

30%

14,758

11,369

30%

43%

12,236

2,522

43%

9,323

2,047

43%

12,236

2,522

43%

9,323

2,047

31%

23%

31%

23%

14,758

11,369

30%

14,758

11,369

30%

Mix of After market

17%

18%

17%

18%

About Triveni Turbine Limited

Triveni Turbine Limited (TTL) is a focused, growing and market-leading corporation having core competency in

the area of industrial heat & power solutions and decentralized steam-based renewable turbines up to 100 MW

size. The Company is amongst the leading manufacturers of industrial steam turbines both in India and globally.

The Company delivers robust, reliable and efficient end-to-end solutions. The Company’s ability to provide high-

tech precision engineered-to-order solutions has made it one of the most trusted names within the sector.

Triveni Turbines manufactures steam turbines at its world-class manufacturing facilities in Bengaluru, India and

assists its customers with their aftermarket requirement through its global servicing offices. With installations of

6000+ steam turbines across over 20 industries, Triveni Turbines is present in over 80 countries around the

world. It was demerged from its parent Company, Triveni Engineering and Industries Limited (TEIL) which held

21.85% equity capital of TTL from 2010 until recently. On September 21, 2022 TEIL has fully divested its stake

in TTL.

Triveni Turbine Limited offers steam turbine solutions for Industrial Captive and Renewable Power. The Company

provides renewable power solutions specifically for Biomass, Independent Power Producers, Process Co-

generation, Waste-to-Energy, Waste Heat Recovery and District Heating. Its steam turbines are used in diverse

industries, ranging from Sugar, Distilleries, Steel, Cement, Textiles, Chemicals, Oil & Gas, Pulp & Paper,

Petrochemicals, Fertilisers, Solvent Extraction, Metals, Palm Oil to Food Processing and more. Apart from

manufacturing, the Company also provides a wide range of aftermarket services to its own fleet of turbines as

well as turbines and other rotating equipment such as compressors, rotors, etc. of other makes supported by its

team of highly experienced and qualified service engineers.

Triveni Turbines’ market leadership has been built on a foundation of strong and continuously evolving research,

development and engineering capabilities. The customer centric approach to R&D, along with a keen focus on

delivered product and life-cycle cost has allowed Triveni Turbines to set benchmarks for efficiency, robustness

and up-time of the turbine. A strong internal team, strengthened by collaborative associations with globally

leading design and research institutions, has placed Triveni at the forefront of a technically challenging field

dominated by large multi-nationals.

For further information on the Company, its products and services please visit www.triveniturbines.com

Surabhi Chandna Triveni Turbine Limited Ph: +91 120 4308000 Fax: +91 120 4311010, 4311011 E-mail: ir@triveniturbines.com

Gavin Desa / Rishab Brar CDR India Ph: +91 22 66451237/66451235 Fax: +91 22 66451213 E-mail: gavin@cdr-india.com, rishab@cdr-india.com

Note: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like government actions, local political or economic developments, technological risks, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward looking statements. Triveni Turbine Limited will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances.

TRIVENI TURBINE LIMITED

Statement of standalone assets and liabilities

Particulars

( in lakhs)

Asat September 30, 2023

As at March 31, 2023

Unaudited

Audited

pl ant and equipment

ASSETS Non-current assets Property, Capital work-in-progress Int angible assets Financial assets i. ii. Other financial assets

Investments in subsidiaries and joint venture

Other non-current assets Income tax assets (net) Total non-current assets ¢

Current assets

Inv estments

Inv entor ies Financial assets i. ii. Trade receivables iii. Cash and cash equivalents iv. Bank balances other than cash and cash equivalents v. Other financial assets

Other current assels Total current assets TOTAL ASSETS

iQUITY AND LIABILITIES

EQUITY Equity share capi tal Other equity Total equity

LIABILITIES

Financial liabilities i. Lease liabilities Provisions Deferred tax liabilities (net ) Total non-current liabilities

Current liabilities Financial liabilities i. Lease liabilities ii. Trade pavables

a) Total outstanding dues of micro enterprises and small enlerprises b) Total outstanding dues of creditors other than micro enterprises and small enterprises

liabilities

iii. Other financial Other current Provisions income tax liabilities (net ) Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES

26,667 54 295

2,035 1,268 85 617 31,021

25,472

38,794 13,152 421 24,005 1,340 3,063 1,06,247 1,37,268

3,179 68,859 72,038

258 764 470 1,492

4,175

13,238

1,651 41,050 2,081 1,466 63,738 65,230 1,37,268

25,258 543 371

1,785 791 118 617 29,483

19,678

31,446 9,788 796 19,881 1,110 2,711 85,410 1,14,893

3,179 59,313 62,492

277 692 447 1,416

2,479

8,254

3,044 33,647 2,142 1,325 50,985 52,401 1,14,893

TRIVENI TURBINE LIMITED Regd. Office: A-44, Hosiery Complex, Phase II Extension, Noida, U.P. - 201 305 Corp. Office : 8th Floor, Express Trade Towers, 15-16, Sector-16A, Noida, U.P - 201 301 CIN · L29110UP1995PLC041834

Statement of standalone unaudited fi nancial results for quarter and six months ended September 30, 2023

Parti culars

1. Revenue from operations 2. Other income Total income

3. Expenses

(a) Cost of materials consumed (b) Changes in inventories of finished goods and work-in-progress (c) Employee benefits expense (d) Finance costs (e) Depreciation and amortisation expenses (f) Other expenses

Total expenses 4. Profit before tax 5. Tax expense:

- Current tax - Deferred tax Total tax expense 6. Profit after tax for the period/ vear 7. Other comprehensive income A. (i) Items that will not be reclassified to profit or loss

(ii) Income tax relating to items that will not be reclassified to profit or loss (i) Items that will be reclassified to profit or loss (ii) Income tax relating to items that will be reclassified to profit or loss

8. Total comprehensive income for the period/year 9, Paid up equity share capital (face value 1/-) 10. Other equity 11. Earnings per share of 1/- each - (not annualised)

(a) Basic (in ) (b) Diluted (in )

See accompanying notes to the standalone financial results

September 30, 2023

Quarter ended June 30, 2023

( in lakhs, except per share data) Year ended Six Months ended September September September March 31,

30,2022

30,2023

30, 2022

2023

Unaudit ed Unaudited Unaudited Unaudited Unaudited Audited 1,08,325 3,914 112 239

50,310 1,705 52 015

25,855 1,022 26 877

62,819 2,290 65.109

30,131 1,088 31219

32,688 1,202 33 890

21,875 (3,281) 3,496 59 491 4,724 27,364 6,526

1,689 /20) 1,669 4,857

- - 126 (31) 95 4,952 3,179

1.53 1.53

18,870 (1,854) 3,608 74 468 4,254 25,420 5,799

1,538 175) 1,463 4,336

- - 344 (87) 257 4,593 3,179

1.36 1.36

16,717 (1,370) 2,660 19 457 4,098 22,581 4,296

1,090 9 1,099 3,197

- -

8 (2) 6 3,203 3,233

0.99 0.99

40,745 (5,135) 7,104 133 959 8,978 52,784 12,325

3,227 (95) 3,132 9,193

- - 470 (118) 352 9,545 3,179

2.89 2.89

31,072 (1,550) 5,163 42 927 7,783 43,437 8,578

2,176 17 2,193 6,385

- - (408) 103 (305) 6,080 3,233

1.98 1.98

67,252 (3,312) 11,060 99 1,876 15,727 92,702 19, 537

4,864 186 5,050 14, 487

(148) 37 (577) 145 (543) 13,944 3,179 59,313

4.49 4.49

TRIVENI TURBINE LIMITED Statem ent of standalone cash flows

Particulars

September 30, 2023 September 30, 2022

(Unaudited}

(Z in lakhs)

Six month ended

Cash flows from operating activities Profit before tax Adjustments for

Depreciation and amortisation expenses Net profit on sale/redemption of current investments Net fair value gains on current investments Interest income Provision for doubtful advances Allowance for non moving inventories Impairment loss on financial assets (including reversals of impairment losses) Finance costs Unrealised foreign exchange (gains)/ losses Mark-to-market (gains)/ losses on derivatives

Working capital adjustments:

Change in inventories Change in trade receivables Change in other financial assets Change in other assets Change in trade payables Change in other financial liabilities Change in other liabilities Change in provisions Cash generated from operations Income tax paid (net of refunds) Net cash inflow from operating activities

Cash flows from investing activities Purchase of property, plant and equipment Net increase in current investment Purchase of equity shares in joint venture Investment in deposits with financial institutions Investment in bank deposits Interest received Net cash outflow from investing activities

Cash flows from financing activities Payment of principal portion of lease liabilities Interest paid on lease liabilities Interest paid Dividend paid to Company's shareholders Net cash outflow from financing activities

Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginn ing of the vear Cash and cash equivalents at the end of the year

Reconciliation of liabilities arising from financing activities:

12,325

959 (129) (1,100) (1,025) 218 (24) - 133 (86) 138

(5,770) (3,499) 23 (341) 6,682 (1,028) 7,403 11 14,890 (3,085) 11.805

(1,894) (3,142) (250) (2,977) (4,524) 779 (12.008)

(36) (18) (116) (2)

(172)

(375) 796 421

8,578

927 (338) (506) (728) - 53 62 42 (48) (48)

(3,842) 1,324 867 (847) 987 (549) 2,584 142 8,660 2,449) 6 211

(1,545) 3,992 - (1,725) (2,577) 479 (1,376)

(16) (9) (33) (5,011) (5.069)

(234) 665 431

Balance as at April 1, 2022 Cash flows Finance costs accruals Divided distributions Balance as at September 30, 2022 Balance as at April 1, 2023 Cash flows Finarce costs accruals Divided distributions Balance as at September 30, 2023

Lease liabilities

Non-current borrowings (including current maturities)

202 (23) 9 - 187 371 (54) 18 - 335

- -

Interest payable on borrowings

Dividend paid to Company's shareholders

- (33) 33 -

- . (116) 116

12 5,010 - (5,011) 11 12 - - (2)

Notes to the standalone unaudited financial results for the quarter and six months ended September 30, 2023

1 The Company primarily operates in a single reportable segment - Power Generating Equipment and Solutions.

2 The above unaudited standalone financial results of the Company for the quarter and six months ended September 30, 2023 have been reviewed and their meeting held on October 31, 2023 and approved by the Board of Directors of the Company at

recomme nded for .:idoption by the Audit Commi ttee at their meeting held on November 1, 2023. The Statutory Auditors have carried out limited review of lhe above financial results.

3 During the current quarter on Sept em ber 19, 2023 the Bo,1rd of Directors of the Company had approved 'Triveni Turbine Limited - Employee Stock Unit Plan 2023 ('Plan') under the applicable provisions, subjed to approval of shMeholders by way of a special resolution. Subsequently, on October 22, 2023 the shareholders of the Company approved the plan through e-voling postal ballot.

4 Previous period/ year figures have been re-grouped/ reclassified wherever necessary,

to match current period classification.

Place : Noida (U.P) Date: November 1, 2023

For Triveni Turbine Limited

Statement of consolidated unaudited financial results for the quarter and six months ended September 30, 2023

Particulars

1. Revenue from operations 2. Other income Total income 3. Expenses

Total expenses

4. Profit before tax and share of profit/ (loss) 5. Share of profit/ (loss) of joint venture 6. Profit before tax 7. Tax expense:

in joint venture

- Current tax - Deferred tax Total tax expense

8. Profit after tax for the period/ vear

Profit for the period attributable to: - Owners of the parent - Non-controlling interest 9. Other comprehensive income A. (i) Items that will not be reclassified to profit or loss

(ii) Income tax relating to items that will not be reclassified to profit or loss

B. (i) Items that will be reclassified to profit or loss

(ii)

Income tax relating to items that will be reclassified to profit or loss

Other comprehensive income attributable to: - Owners of the parent - Non-controlling interest

10. Total comprehensive income for the period/year Total comprehensive income attributable to: - Owners of the parent - Non-controlling interest

11. Paid up equity share capital (face value 1/-) 12. Other equity 13. Earnings per share of

1/- each - (not annualised)

(a) Basic (in ) (b) Diluted (in )

See accompanying notes to the consolidated financial results

( in lakhs, except per share data) Year ended Six Months ended September September September March 31,

September 30 2023

Quarter ended June 30, 2023

30. 2022 Unaudited Unaudited Unaudited Unaudited Unaudited 55,201 1,822 57,023

29,297 1,077 30,374

76,419 2,790 79,209

37,642 1,335 38,977

38,777 1,455 40,232

30. 2023

30. 2022

22,952 (3,217 3,976 59 511 7,631 31,912

8,320 (17) 8,303

1,920 (20) 1,900 6,403

6,423 (20)

- - 140 (31) 109

111 (2) 6,512

6,534 (22) 3,179

2.02 2.02

19,982 (1, 714) 4,056 74 488 8,227 31,113

7,864 (3) 7,861

1,840 (75) 1,765 6,096

6,075 21

- - 166 (87) 79

63 16 6,175

6,138 37 3,179

1.91 1.91

17,021 (1,404) 3,076 18 487 5,038 24,236

6,138 - 6,138

1,446 60 1,506 4,632

4,621 11

- - 102 (2) 100

109 (9) 4,732

4,730 2 3,233

1.43 1.43

42,934 (4,931) 8,032 133 999 15,858 63,025

16,184 (20) 16,164

3,760 (95) 3,665 12,499

12,498 1

- - 306 (118) 188

174 14 12,687

12,672 15 3,179

3.93 3.93

31,379 (1,218) 5,982 42 1,000 8,625 45,810

11,213 - 11,213

2,675 73 2,748 8,465

8,446 19

- - (163) 103 (60)

(34) (26) 8,405

8,412 (7) 3,233

2.61 2.61

2023 Audited

1,24,755 4,262 1,29,017

67,512 (2,798) 12,854 99 1,990 23,810 1,03,467

25,550 - 25,550

5,982 281 6,263 19,287

19,254 33

(150) 38 (338) 145 (305)

(290) (15) 18,982

18,964 18 3,179 72,856

5.97 5.97

TRIVENI TURBINE LIMITED

Statement of consolidated assets and liabilities

Particulars

( in lakhs)

As at September 30, 2023

As at March 31, 2023

Unaudited

Audited

ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Goodwill Intangible assets Financial assets i. ii. Other financial assets

Investment in joint venture

Other non-current assets Income tax assets (net) Total non-current assets

Current assets Inventories Financial assets i. Investments ii. Trade receivables iii. Cash and cash equivalents iv. Bank balances other than cash and cash equivalents v, Other financial assets Other current assets Total current assets TOTAL ASSET S

EQUITY AND LIABILITIES

EQUITY Equity share capital Other equity Non controlling interest Total equity

LIAIJILJTIES Non-current liabilities Financial liabilities i. Lease liabilities Provisions Deferred tax liabilities (net) Total non-current liabilities

Current liabilities Financial liabilities i. Lease liabilities ii. Trad e p ay ab les

a) Total outstanding dues of mi cro enterpri ses and small enterprises b) Total outstanding dues of creditors other than micro enterprises and small enterprises

liabilities

iii. Other financial Other current liabilities Provisions Income tax liabilities (net) Total current liabilities Total liabilities TOTAL EQUITY AND LIABILITIES

27,428 250 327 404

230 1,268 85 934 30,926

25,632

46,400 14,857 6,436 29,229 2,296 3,494 1,28,344 1,59,270

3,179 85,552 114 88,845

258 1,048 447 1,753

4,175

15,204

1,905 43,182 2,377 1,752 68,672 70,425 1,59,270

26,056 543 349 520

- 791 118 935 29,312

20,003

37,931 12,928 2,971 25,523 1,563 3,757 1,04,676 1,33,988

3,179 72,856 99 76,134

277 928 436 1,641

2,493

8,941

3,271 37,537 2,461 1,416 56,213 57,854 1,33,988

TRIVENI TURBINE LIMITED Statement of consolidated cash flows

Particulars

( in lakhs )

Year en d ed

S ep temb er 30, 2023

(U n au d ited )

S ep temb er 30, 2022 (U n au d ite d )

C ash flow s from op eratin g activities Profit before tax Adjustments for

Share of net loss of joint venture accounted for using the equity method D ep reci ation an d amortisation exp en ses Net profit on sale/ redemption oi current investments Net fair value gains on current· investments In terest income Provision for d ou b tfu l ad van ces A llow an ce for non movin g in ven tories Imp air ment loss on finan cial assets (incl u d ing reversals of impairment losses) Fin an ce costs Unrealised foreign exchange (gains) Credit balances written back Mark-to-market (gains)/ losses on derivatives

Working capital adjustments :

C h an ge in in ven tories C h an ge in trad e receivab les C h an ge in oth er fin an ci al assets C han ge in oth er assets C hange in trad e payables C h an ge in oth er fin an cial Change in other liabilities C h ange in provisions Cash generated from operations Income tax paid (net of refunds) N et cash in flow from op eratin g activities

liab iliti es

Cash flow s from in vestin g activities Purchase of property, plant and equipment N et in crease in cu rren t investment Pu rch ase of eq u ity sh ares in join t ven tu re In vestmen t in d ep osits w ith fin an ci al In vestmen t in ban k dep osits Interest received N et cash ou tflow from in vestin g activities

in stitu tion s

C ash flow s from fin an ci n g activities Rep aymen t of lon g term borrow in gs Payment of principal portion of lease liabilities In terest paid on lease liab ilities Interest paid D ivid en d p aid to Company's shareh old ers N et cash ou tflow from fin an ci n g activities

In crease in cash and cash eq u ivalents d u e to foreign exchan ge variation Net (decrease)/ increase in cash and cash equivalents C ash an d cash equ ivalen ts at th e beginning of the vear C ash an d cash eq u ivalen ts at th e en d of th e vear

Recon ci liation of liab ilities ari sin g from fin an ci n g activities:

16,184

20 999 (129) (1,363) (1,254) 218 (48)

133 (54)

138

(5.,581) (2,099) (460) 272 7,951 (1,251) 5,646 36 19,358 (3,423) 15,935

(2,030) (4,000) (250) (2,977) (4,106) 988 (12,375)

(36) (18) (116) (2) (172)

77 3,465 2,971 6,436

11,213

- 1,000 (338) (580) (819) 1 52 10 42 (49) (4) (48)

(3,590) 727 433 (566) 1,469 (598) 2,978 135 11,468 (2,882) 8,586

(2,131) 2,670 - (1,725) (4,296) 578 (4,904)

(2) (18) (9) (33) (5,011) (5,073)

157 (1,234) 3,254 2,020

Balan ce as at April 1, 2022 Cash flows Finan ce costs accru als Divided distributions Balance as at Septemb er 30, 2022 Balan ce as at Apri l 1, 2023 Cash flows Fin ance costs accru als Divided distributions Balan ce as at Sep temb er 30, 2023

Lease Liab ilities

N on-cu rren t horrow in gs (in cl u d in g curren t matu rities)

In terest payab le on borr ow in gs

Divid en d paid to C omp an y's sh areh old ers

203 (25) 9

187 371 (54) 18 - 335

15 (4) - - 11 -

- (33) 33 - - - (116) 116

12 (5.011)

5,010 11 12

(2) 10

Notes to the consolidated unaudited financial results for the quarter end and six months ended September 30, 2023

The Company and its subsidiaries (together referred to as the 'Group') primarily operate in a single reportable segment - Power Generating Equipment and Solutions.

2 The

u n a u d i

e d s

t a n d a l one

s u l

s of the Company are a v a i

l a b l

e on the Company's w e b s

( w w w .

t ri v e n it u r b in e

s. c

o m )

, w e b s

(www.bseindia.com) and NSE (www.nseindia.com). Sunumuised stan d alone financial performan ce of th e Paren t Company i

o f BSE s as under:

Particulars

Revenue from operations Profit before tax Net p r o fi t after tax Toal comprehensive income

Quarter ended

Six Months ended

Year ended

September 30. 2023

June 30, 2023

September September September March 31,

30. 2022

30. 2023

30. 2022

2023

(fin lakhs)

Unaudited Unaudited Unaudited Unaudited Unaudited 50,310 8,578 6,385 6,080

62,819 / 12,325 9,193 9,545

25,855 4,296 3,197 3,203

32,688 6,526 4,857 4,952

30,131 5,799 4,336 4,593

Audited

1,08,325 19,537 14,487 13,944

3 The above unaudited consoli dated financial results of the Company for the quarter ended September 30, 2023 have been reviewed and recommended for adoption by the Audit Committee at their meeting held on October 31, 2023 and approved by the Board of Directors of the Company at their meeting held on November 1, 2023. The Statutory Auditors have carried out limi ted review of the above financial results.

4 During the current quarter on September 19, 2023 the Board of Directors of the Company had approved 'Triveni Turbine Limited - Employee Stock Unit to approval of shareholders by way of a special resolution. Subsequently, on October 22, 2023 he

Plan 2023' ('Plan') under the applicable provisions, subject shareholders of the Company approved the plan through e-voting postal ballot.

5 Previous period/ vear figures have been re-grouped/ reclassified wherever necessary,

to match current period classificati on.

For Triveni Turbi ne Limited

Place : Noida, U.P Date November 1, 2023

t r e l i t e i t e

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