TRITURBINENSE10 May 2025

Triveni Turbine Limited has informed the Exchange about Investor Presentation

Triveni Turbine Limited

REF: TTL: SE: 05/04 BSE Limited P.J. Tower, Dalal Street, Fort, Mumbai - 400 001 Thru: BSE Listing Centre

STOCK CODE: 533655

Dear Sir/Ma’am,

By E-filing

Date: May 10, 2025

National Stock Exchange of India Limited Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai - 400 051 Thru: NEAPS STOCK CODE: TRITURBINE

Subject: Investors’ brief and Investors’ presentation for the 4th quarter and Financial

Year ended on March 31, 2025

Pursuant to the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed herewith Investors’ brief and Investors’ presentation on the performance of the Company for the 4th quarter and Financial Year ended on March 31, 2025.

The same has also been made available on the website of the Company at www.triveniturbines.com.

You are requested to take this information on record.

Thanking you,

Yours’ faithfully For Triveni Turbine Limited

Pulkit Bhasin Company Secretary M. No. A27686

Encl: A/a

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 for FY 25:

➢ Highest ever annual Revenue, EBITDA, PAT and Order Booking along with a record Closing Order

Book providing visibility for FY 26

➢ Highest ever Revenue at ₹ 20.06 billion, an increase of 21% y-o-y

➢ Highest ever EBITDA at ₹ 5.18 billion, up 36% y-o-y, with a margin of 25.8% which increased

~280 bps y-o-y

➢ Highest ever Profit Before Tax (PBT) at ₹ 4.89 billion, up 37% y-o-y, with a margin of 24.3%

which increased ~270 bps y-o-y

➢ Highest ever Profit After Tax (PAT) at ₹ 3.59 billion, an increase of 33% y-o-y

➢ Highest ever annual order booking of ₹ 23.63 billion during FY 25, an increase of 26% y-o-y

➢ Record outstanding carry forward order book as on March 31, 2025 of ₹ 19.09 billion, an increase

of 23% y-o-y

➢ Investments including Cash at ₹ 9.87 billion, an increase of 12% from March 31, 2024

➢ The Board of Directors has recommended payment of final dividend @ 200% (₹ 2.00 per equity

share of ₹ 1 each) for the financial year 2024-25, subject to approval of shareholders. This is in

addition to the interim dividend @ 200% (₹ 2.00 per equity share of ₹ 1 each) declared and paid

for the financial year 2024-25.

Noida, May 10, 2025: 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 fourth

quarter and twelve months ended March 31, 2025 (Q4 / FY 25).

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

Q4 FY 25

Q4 FY 24 % Change

FY 25

FY 24 % Change

Revenue from Operations

EBITDA

EBITDA Margin

PBT

PBT Margin

Consolidated PAT

5,380

1,403

26.1%

1,321

24.5%

946

4,581

1,069

23.3%

1,009

22.0%

17.5%

31.2%

30.8%

762

24.1%

Consolidated PAT Margin

17.6%

16.6%

EPS (₹/share)

2.99

2.39

25.1%

20,058

16,539

5,177

25.8%

4,884

24.3%

3,586

17.9%

11.28

3,810

23.0%

3,576

21.6%

2,695

16.3%

8.47

21.3%

35.9%

36.6%

33.1%

33.2%

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

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

“In FY 25, Triveni Turbines sustained its strong track record of outstanding financial performance and

surpassed previous highs of annual revenues, profitability and order booking. Revenue from

Operations grew 21% over the previous year to reach record level of ₹ 20.06 billion. EBITDA and

Profit Before Tax (PBT) grew faster at 36% and 37% y-o-y and stood at ₹ 5.18 billion and ₹ 4.88

billion respectively. Profit After Tax (PAT) stood at ₹ 3.59 billion, representing an increase of 33%

over last year. Higher EBITDA and profits were achieved through a combination of efficient cost

management, operating leverage and an improved revenue mix.

Order booking for the year reached a record ₹ 23.63 billion, up 26% y-o-y supported by increased

domestic and product-led demand. This is despite downward adjustments of ~₹ 1.4 billion in order

booking due to slow moving orders while having customer advances. The Aftermarket segment

witnessed a notable increase in new, repeat, and referral orders. At end of March 31, 2025 the closing

order book stood at a record ₹ 19.09 billion, an increase of 23% y-o-y. A robust closing order book

ensures healthy visibility for the medium term, positioning the Company well for continued

momentum.

Demand for the Company’s products remained strong with Product order booking achieving an

impressive growth of 38% y-o-y to ₹ 17.41 billion in FY 25. Key drivers of growth in product order

booking were finalisation of orders in the renewable energy sector, industrial clients, power producers

and API turbines. Domestically, product order booking was also supported by the Company’s strategic

foray in CO₂ energy storage solutions. In the API segment, the enquiry base expanded geographically,

resulting in order finalisations for both drive and power turbines across the Middle East, Southeast

Asia, Central & South America and Europe. As a result, the Company achieved its highest-ever annual

Product order booking for the fourth consecutive year, representing a key milestone in its pursuit of

sustainable and innovative solutions.

The Company continues to see good international demand which is reflected in export order booking

which grew 23% y-o-y to ₹ 12.59 billion during the year. This includes orders secured across broad

power ranges from key regions including the Middle East, Europe, North America, Southeast Asia, and

Africa.

The enquiry pipelines in both Product and Aftermarket segments remain robust and globally

diversified. In FY 25, the international enquiry pipeline grew by ~30% while the domestic enquiry

growth was even more impressive at ~120%, providing strong visibility for the coming year. By

diversifying across various geographies and product/aftermarket segments, we also aim to mitigate

the risks associated with market volatility.

Our strategic initiatives are underpinned by a robust culture of innovation, customer centricity,

operational excellence, safety, and quality assurance. This lays a solid foundation for Triveni Turbines

for future opportunities and sustained value creation for all stakeholders.”

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 and the newly incorporated wholly owned foreign subsidiary namely

Triveni Turbines Americas Inc. (TTAI) based in the State of Texas, USA. 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) and the Joint venture Company namely Triveni Sports Private Limited

(TSPL).

Q4 FY 25 Performance Review:

• During the quarter under review, revenue from operations grew by 17% as compared to previous year

to ₹ 5.4 billion, which was the highest ever achieved in a quarter.

• Domestic sales increased by 8% to ₹ 2.6 billion while export sales increased by 27% to ₹ 2.8 billion.

• Export as % of sales increased to 52% in Q4 FY 25 as compared to 48% in Q4 FY 24.

• EBITDA increased by 31% to ₹ 1.4 billion in Q4 FY 25 as against ₹ 1.1 billion in Q4 FY 24.

• EBITDA margins increased by ~280 bps to 26.1% in Q4 FY 25 as against 23.3% in the last corresponding

quarter.

• Profit After Tax grew 24% y-o-y to ₹ 946 million during the quarter.

• The Company achieved order booking of ₹ 6.3 billion in Q4 FY 25 which grew 44% on a y-o-y basis.

• Export order booking declined by 27% y-o-y to ₹ 1.9 billion, while domestic order booking grew by 150%

y-o-y to ₹ 4.4 billion driven by the ₹ 2.9 billion order from NTPC for setting up a Long Duration Energy

Storage (LDES) system at Kudgi, Karnataka.

• NTPC - Kudgi Order: In Q4 FY 25, the Company has signed a contract with NTPC to setup a 160 MWh

(mega-watt-hour) long duration energy storage (LDES) system at NTPC’s Kudgi Supercritical Thermal

Power Plant (STPP) premises. The greenfield development will be undertaken by Triveni Turbines for a

consideration of approx. ₹ 2.9 billion. The Company is partnering with an international technology

provider to undertake the scope of work which involves design, engineering, fabrication, erection,

commissioning and testing for setting up this CO2 cycle-based Energy Storage System (ESS). Triveni

Turbines will supply the subcritical CO2 turbine, gearbox, generator, compressor motor, pumps, piping,

fittings, electricals and all other auxiliaries. In this LDES, CO2 gas undergoes thermodynamic

transformation in a closed loop to store energy. This system enables storage and dispatch of variable

renewable power to stabilize the grid. While technologies such as short-duration Battery Energy Storage

System (BESS) and long-duration Pumped Storage Power (PSP) are proven, the CO2-based ESS being

implemented at NTPC-Kudgi by Triveni Turbines is still at proof-of-concept (POC) stage. CO2-based ESS

is a long duration ESS and can be a viable alternative for PSP, once POC is established.

• On the Product side, order booking for the segment increased by 69% y-o-y to ₹ 4.6 billion. The product

segment turnover was ₹ 3.9 billion during the quarter, an increase of 25% over previous year.

• Aftermarket segment registered order booking of ₹ 1.7 billion during the quarter, an increase of 4%

when compared with the corresponding period of previous year. The aftermarket turnover was ₹1.4

billion during the quarter, largely flat on a y-o-y basis.

• Aftermarket contribution to turnover was 27% in Q4 FY 25, as compared to 31% in Q4 FY 24.

• Total consolidated outstanding order book stood at a record ₹ 19.1 billion as on March 31, 2025 which

is higher by 23% when compared to the previous year. The domestic outstanding order book stood at

₹ 8.2 billion, which grew 9% as compared to the previous year. The export outstanding order book stood

at a record ₹ 10.9 billion as on March 31, 2025, up 36% y-o-y and contributing to 57% of the closing

order book.

FY 25 Performance Review:

• FY 25 revenue from operations grew by 21% year-on-year to ₹ 20.1 billion, an all-time high for the

Company and crossing the ₹ 20 billion mark for the first time.

• Domestic sales increased by 17% to ₹ 10.4 billion while the export turnover increased by 26% to ₹9.7

billion.

• In FY 25, exports contributed to 48% of sales, as compared to 46% in the previous year.

• EBITDA increased by 36%, crossing the ₹ 5 billion mark for the first time to come in at ₹ 5.2 billion in

FY 25 as against ₹ 3.8 billion in FY 24.

• EBITDA margins increased by ~280 bps to 25.8% in FY 25 as against 23% in the previous year driven

by the favourable sales mix which included more international and relatively higher-margin orders.

• Profit After Tax grew 33% y-o-y to ₹ 3.6 billion during the year and was a record-high for the Company.

• The Company achieved record order booking of ₹ 23.6 billion in FY 25 as against ₹ 18.8 billion during

FY 24, an increase of 26%.

• The domestic order booking during FY 25 was ₹ 11.0 billion, an increase of 29% y-o-y

• The export order booking during FY 25 was ₹ 12.6 billion, growing by 23% as compared to last year.

Export order booking constituted 53% of overall order booking for the Company in FY 25.

• On the Product side, order booking for the segment increased by 38% y-o-y to ₹ 17.4 billion. The product

segment turnover was ₹ 13.6 billion during the year, an increase of 22% over previous year.

• Aftermarket segment registered order booking of ₹ 6.2 billion during FY 25 which was largely flat on a

year-on-year basis. The aftermarket turnover was at ₹ 6.4 billion during the year, a growth of 19% over

previous year. Aftermarket contributed to 32% of the total turnover in FY 25.

OUTLOOK

• As a globally trusted energy innovator, Triveni Turbines, is well-positioned to sustain healthy

performance in the near-term after delivering a strong performance yet again in FY 25. This outlook is

supported by a robust order backlog in API and IPG (Industrial Power Generation) turbine segments, as

well as market expansion in high-potential regions such as USA. A robust domestic supply chain further

enhances competitiveness and ensures business continuity.

• Additionally, the Aftermarket business presents strong growth potential, driven by an expanded portfolio

of offerings, including spare parts, services and refurbishments targeting a wider customer base across

of rotating equipment encompassing steam turbines, gas turbines, utility turbines, and geothermal

turbines.

• The Company’s expanding presence in global markets, along with the increasing demand for renewable

energy, energy efficiency, waste-to-energy (WtE), and decentralized power solutions, continues to

present substantial growth opportunities for Triveni Turbines. The Company is confident that leveraging

these opportunities, both domestically and internationally, will enable it to maintain growth and

profitability in the coming years.

Summary of Consolidated Order book

(All figures in ₹ million, unless otherwise mentioned)

Particulars Opening Order Book Domestic Exports TOTAL Mix of Exports Product After market Total Mix of After market 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 Mix of After market

Q4 FY 25 Q4 FY 24 % Var FY 25

FY 24 % Var

6,351 11,842 18,193 65% 15,845 2,348 18,193 13%

8,137 7,617 15,754 48% 13,139 2,615 15,754 17%

4,399 1,881 6,280 30% 4,580 1,700 6,280 27%

2,578 2,802 5,380 52% 3,939 1,441 5,380 27%

1,759 2,592 4,351 60% 2,711 1,640 4,351 38%

2,378 2,203 4,581 48% 3,141 1,440 4,581 31%

8,172 10,922 19,094 57% 16,487 2,607 19,094 14%

7,518 8,007 15,525 52% 12,709 2,816 15,525 18%

7,518 8,007

7,789 5,493

-3% -22% 55% 46% 15% 15,525 13,282 17% 52% 41% 11,255 12,709 2,027 2,816

13% 21% -10% 39% 15% 15,525 13,282 17% 18% 15%

11,042 12,585

8,592 10,191

150% 29% 23% -27% 44% 23,627 18,783 26% 53% 54% 12,612 17,411 6,171 6,216

38% 69% 4% 1% 44% 23,627 18,783 26% 26% 33%

8,863 7,676

10,388 9,670

17% 8% 27% 26% 17% 20,058 16,539 21% 48% 46% 11,158 13,633 5,381 6,425

22% 25% 19% 0% 17% 20,058 16,539 21% 32% 33%

7,518 8,007

8,172 10,922

9% 9% 36% 36% 23% 19,094 15,525 23% 57% 52% 12,709 16,487 2,816 2,607

30% 30% -7% -7% 23% 19,094 15,525 23% 14% 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) in 2010. TEIL held

21.85% equity capital of TTL since the demerger until 2022. On September 21, 2022 TEIL 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 Regd. Office: A-44, Hosiery Complex, Phase II Extension, Naida, U.P. - 201 305 Corp. Office: 8th Floor, Express Trade Towers, 15-16, Sector-16A, Naida, U.P - 201301 CIN . L29110UP1995PLC041834

Statement of standalone audited financial results for quarter and year ended March 31, 2025

Particulars

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 . i ti Other expenses Total expenses 4. Profit before exceptional items and tax 5. Exceptional items [refer note 4] 6. Profit before tax 7. Tax expense:

- Current tax - Deferred tax Total tax expense 8. Profit after tax for the period/ year 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

10. Total comprehensive income for the period/year 11. Paid up equity share capital (face value H/-) 12. Other equity 13. Earnings per share of ~ 1/ - each - (not annualised)

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

See accompanymg notes to the standalone financial results

(~ in millions, except per share data

Quarter ended

Mar31,2025

Dec 31,2024 Mar31,2024

Audited (refer Dole 6)

Unaudited

Audited (refer Dole 6)

Year ended Mar31,2025 Mar 31, 2024

Audited

4,904 177 5,081

2,935 (269) 450 5 60 602 3,783 1,298 - 1,298

465 (104 361 937

(30) 7

(27) 7 (43 894 318

2.96 2.96

4,406 203 4,609

2,214 279 440 2 53 481 3,469 1,140 360 1,500

321 (34 287 1,213

- -

91 (23) 68 1,281 318

3.81 3.81

3,822 180 4,002

2,195 84 354 7 50 513 3,203 799 - 799

247 (32 215 584

(4) 1

26 (6) 17 601 318

1.84 1.84

17,952 724 18,676

9,252 576 1,711 22 214 2,320 14,095 4,581 360 4,941

1,319 (122 1,197 3,744

(30) 7

(8) 2 (29 3,715 318 10,020

11.78 11.78

13,786 558 14,344

8,332 (380) 1,417 26 199 1,913 11,507 2,837 . 2,837

722 25 747 2,090

(4) 1

44 (11) 30 2,120 318 7,328

6.58 6.58

TRIVENI TURBINE ·LIMITED

Statement of standalone assets and liabilities

Particulars

ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Intangible assets Financial assets

i.lnvestments in subsidiaries and joint venture ii.Other financial assets Other non-current assets Income tax assets (net) Deferred tax assets (net) Total non-current assets

Current assets Inventories Financial assets L 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 ASSETS

EQUITY AND LIABILITIES

EQUITY Equity share capital 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 payables

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

iii. Other flnancialliabWties

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

(~in millions

As at

Mar31,2025 Mar31,2024

Audited

2,818 14 24

415 12 23 36 52 3,394

2,641 13 36

370 261 7 59 - 3,387

1,919

2,217

2,689 3,543 340

1,701 3,377 505 14,074 17,468

3,633 1,250 54 2,845 220 312 10,531 13,918

318 10,020 10,338

318 7,328 7,646

248 150 - 398

24 97 80 201

835

2,195

239 2,623 466 365 6,732 7,130 17,468

503

1,089

160 3,767 347 198 6,071 6,272 13,918

TRIVENI TURBINE LIMITED Statement of standalone cash flows

Particulars

Cash flows from operating activities Profit before tax after exceptional items Adjustments for

Depreciation and amortisation expenses Gain on sale/write off of property, plant and equipment Net gain on current investments measured at fair value through profit and loss Share based payments to employees Interest income Allowance/ (reversals) for/of non moving inventories Impairment loss on financial assets (including reversals of impairment losses) Gain on capital reduction of subsidiary (exceptional item) Finance costs Unrealised foreign gains- (net) Credit balances written back Mark-to-market (gains)/Iosses 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 rehLnds) Net cash inflow from operating activities

Cash flows from investing activities Purchase of property, plant and equipment Proceeds from sale of property, plant and equipment Net Decrease/ (increase) in current investment Investment in subsidiary Investment in joint venture (Investment)/redemption Proceeds from Capital reduction of subsidiary (Investment)/redemption in/ of bank deposits Interest received Net cash outflow from investing activities

in/of deposits with financial institutions

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 (decreesej /Increaae in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Cash and cash equivalents comprises: Balances with banks - in current accounts -Deposits with original maturity of less than three Months Cashon hand Total

(~ in millions

Year ended

Mar31,2025 Mar31,2024

Audited

4,941

2,837

214 (0) (274) 26 (346) 31 195 (360) 22 (19) (0) 2

266 (2,473) (13) (197) 1,442 80

(1,143) 142 2,536

(1,129)

1,407

(166) 0 828 (126) - 390 440 (1,670) 256 (48)

(2) (4) (18) (1,049) (1,073)

ZB6 54 340

139 201 0 340

199 (2) (256) 7 (254) (2) 62 - 25 (9) - 6

(247) (324) (6) (39) 519 (103) 402 157 2,972 (634) 2,338

(288) 5 44 (166) (25) (277) - (1,037) 143 (1,601)

(6) (3) (22) (732) (763)

(26) 80 54

24 30 0 54

Notes to the standalone audited financial results for the quarter and year ended March 31, 2025

TRIVENI TURBINE LIMITED

1 The above standalone financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting standards) Rules as amended from time to time and other relevant provisions of the Act

2 The Company primarily operates in a single reportable segment - Power Generating Equipment and Solutions. Accordingly, there are no reportable

segments as per Ind AS 108.

3 The Board of Directors has recommended payment of final dividend @ 200% ({ 2.00 per equity share of { 1 each) for the financial year 2024-25, in addition to the the interim dividend of 200% ({ 2.00 per equity share of { 1 each) paid during the current quarter. Final dividend is subject to approval of shareholders.

4 During the quarter ended December 31, 2024, pursuant to the Hon'ble National Company Law Tribunal order on the reduction of share capital of Triveni Energy Solutions Limited, a Wholly Owned Subsidiary of the Company, ~ 360 million of gain on account of such capital reduction has been presented as an exceptional item in the standalone audited financial results for the year ended March 31, 2025 and unaudited financial results for the. quarter ended December 31, 2024.

5 The above audited standalone financial results of the Company for the year ended March 31, 2025 have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on May 10, 2025. The statutory auditors have carried out audit of the above financial results.

6 The figures for the quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures in respect of the full financial year and the published year to date figures up to third quarter of the relevant financial year. Also, figure upto the end of the third quarter were only reviewed and not subject to audit.

Place: Noida (U.P) Date : May 10, 2025

For Triveni Turbine Limited

Dhruv M. Sawhney Chairman & Managing Director

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 consolidated audited financial results for the quarter and year ended March 31, 2025

Quarter ended

Year ended

(~in millions, except per share data)

Particulars

Mar31,2025

Dec 31,2024 Mar 31, 2024 Mar31,2025 Mar31,2024

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 fU Depreciation and amortisation expense

Other expenses

Total expenses

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

- Current tax - Deferred tax Total tax expense

8. Profit after tax for the period/ year

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 t 1/ - each - (not annualised)

(a) Basic (in t) (b) Diluted (in ~)

Audited (refer note 6) 5,380 199 5,579

2,953 (266) 517 7 75 972 4,258

1,321 0 1,321

485 (110 375 946

939 7

(30) 7 (13) 7 (29

(30) 1 917

909 8 318

Unaudited

5,034 221 5,255

2,257 285 520 4 65 879 4,010

1,245 1 1,246

~~ 320 926

924 2

- - 75 (23 52

53 (1 978

977 1 318

Audited (refer note 6) 4,581 171 4,752

2,195 72 409 8 52 1,007 3,743

1,009 6 1,015

274 (21\ 253 762

760 2

(4) 1 21 (7) 11

11 - 773

771 2 318

2.99 2.99

2.92 2.92

2.39 2.39

Audited

20,058 810 20,868

9,394 608 2,033 29 263 3,656 15,983

4,885 1 4,886

\i2~\

128 1,300 3,586

3,572 14

(30) 7 39 2 18

17 1 3,604

3,589 15 318 11,846

11.28 11.28

16,540 622 17,162

8,582 (390) 1,613 27 207 3,547 13,586

3,576 2 3,578

847 36 883 2,695

2,692 3

(4) 1 43 (11 29

27 2 2,724

2,719 5 318 9,280

8.47 8.47

TRIVENI TURBINE LIMITED Statement of consolidated assets and liabilities

Particulars

ASSETS Non-current assets Property, plant and equipment Capital work-in-progress Goodwill Other Intangible assets Investments accounted for using equity method Financial assets i. Other financial assets Other non-current assets Income tax assets (net) Deferred 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 ASSETS

EQUITY AND LIABILITIES

EQUITY Equity share capital Other equity Non controlling interest Total equity

LIABILITIES 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. Trade payables

a) Total outstanding dues of micro enterprises and small enterprises b) Total outstanding dues of creditors other than micro enterprises and small enterprises iii. Other financial liabilities

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

(~ in millions

As at

Mar31,2025 Mar31,2024

Audited

3,165 193 36 30 28

14 38 55 49 3,608

2,748 14 34 45 27

261 7 85 - 3,221

1,948

2,263

3,452 3,632 982 2,283 3,741 544 16,582 20,190

318 11,846 31 12,195

4,556 1,781 291 3,734 353 338 13,316 16,537

318 9,280 15 9,613

348 182 - 530

24 124 89 237

846

2,571

323 2,821 472 389 7,465 7,995 20,190

504

1,242

196 4,134 380 224 6,687 6,924 16,537

TRIVENI TURBINE LIMITED

Statement of consolidated cash flows

Particulars

Cash flows from operating activities Profit before tax Adjustments for

Share of net loss of joint venture accounted for using the equity method Depreciation and amortisation expenses Gain on sale/write off of property, plant and equipment Net gain on current investments measured at fair value through profit and loss Share based payments to employees Interest income Allowance/ (reversals) fori of non moving inventories Impairment loss on financial assets (including reversals of impairment losses) Finance costs Unreal.ised foreign gains- (net) Mark-to-market (gains)/ losses on derivatives

Working capital adjustments :

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 Proceeds from sale of property, plant and equipment Net Decrease/ (increase) in current investment Investment in joint venture (Investment)/redemption in/ of deposits with financial institutions (Investment)/ redemption in/ of bank deposits Interest received Net cash outflow from investing activities

Increase in cash and cash equivalents due to foreign exchange variation Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the period Cash and cash equivalents comprises: Balances with banks - in current accounts -Deposits with original maturity of less than three Months Cash on hand Total

(~in millions

Year ended Mar31,2025 Mar 31, 2024

Audited

4,885

3,576

(1) 263 (0) (346) 26 (407) 30 221 29 (19) 2

284 (2,057) (158) (209) 1,677 75 (1,313) 119 3,101 (1,233) 1,868

(429)

° 1,060 - 390 (1,455) 321 (113)

(30) (11) (18) (1,049) (1,108)

44 691 291 982

694 287 1 982

(2) 207 (2) (313) 7 (298) (5) 69 27 (9) 6

(258) (547) (85) 39 602 (115) 380 165 3,444 (734) 2,710

(317) 5 (173) (25) (277) (1,361) 175 (1,973)

(6) (3)

d~~

(763)

20 (6) 297 291

261 30 0 291

Notes to the consolidated audited financial results for the quarter and year ended March 31, 2025

TRIVENI TURBINE LIMITED

1 The above consolidated financial results have been prepared in accordance with Indian Accounting Standards as prescribed under Section 133 of the Companies Act, 2013 read with the Companies (Indian Accounting standards) Rules as amended from time to time and other relevant provisions of the Act.

2 TIle Company and its subsidiaries (together referred to as the 'Group') primarily operate in a single reportable segment - Power Generating

Equipment and Solutions. Accordingly, there are no reportable segments as per Ind AS 108.

3 The Board of Directors has recommended payment of final dividend @ 200% (~ 2.00 per equity share of ~ 1 each) for the financial year 2024-25, in addition to the the interim dividend of 200% (~ 2.00 per equity share of ~ 1 each) paid during the current quarter. Final dividend is subject to approval of shareholders.

4 TIle audited standalone results of the Company are available on the Company's website (www.triveniturbines.com). website of BSE

(www.bseindia.com)

and NSE (www.nseindia.com). Summarised standalone financial performance of the Parent Company is as under:

Particulars

Revenue from operations Profit before tax Net profit after tax Total comprehensive income

Quarter ended

Year ended

Mar31,2025 Dec 31,2024 Mar31,2024 Mar31,2025 Mar31,2024

(~in millions)

Audited (nofernote6)

Unaudited

Audited (refer note 6)

Audited

4,904 1,298 937 894

4,406 1,500 1,213 1,281

3,822 799 584 601

17,952 4,941 3,744 3,715

13,786 2,837 2,090 2,120

5 The above audited consolidated financial results of the Company for the year ended March 31, 2025 have been reviewed and recommended for adoption by the Audit Committee and approved by the Board of Directors of the Company at their meeting held on May 10, 2025. The statutory auditors have carried out audit of the above financial results.

6 The figures for tile quarter ended March 31, 2025 and March 31, 2024 are the balancing figures between the audited figures in respect of tile full financial year and the published year to date figures up to third quarter of the relevant financial year. Also, figure upto the end of the third quarter were only reviewed and not subject to audit.

Place: Noida (U.P) Date : May 10, 2025

Imagine. Innovate. Inspire Investor Presentation

Q4 / FY 25 May 2025

Contents

Description

Triveni Turbines At A Glance

Market Overview

Company Overview

Financial Performance Highlights

Shareholding Pattern

Investor Relations Contact

Page Number

Triveni Turbines at a Glance

Top 2 globally in industrial steam turbines

One of the leading manufacturers of decentralised steam-based renewable turbines globally

50+ years of designing, manufacturing & supplying industrial steam turbines

1000+ Employee Strength, >20% Employee Addition in last two years

Comprehensive solutions’ provider for steam turbines and other rotating equipments

Industrial and Renewable Heat and Power Solutions <100 MW

Innovation-led, reliable, customer- centric products and solutions

Caters to a diverse base of customers across 20+ industries

6000+ global installations in 80+ countries with power generation capacity of 16+GW

Market Overview

Global Final Energy Consumption is led by Heating and Cooling Applications

Thermal energy uses, which include space and water heating, space cooling, and industrial process heat, represent more than half (51%) of Global Total Final Energy Consumption

Source: Renewables 2022 Global Status Report

Industry as a Sector has the Highest Contribution in Global Final Energy Demand

Final Energy Demand By Sector (EJ)

100

119

122

114

105

121

120

132

142

151

168

188

205

203

2000

2010

2019

2030 (New Momentum Scenario)

2050 (New Momentum Scenario)

Industry

Feedstocks

Buildings

Transport

Source: : BP Energy Outlook 2023

Industry contributed to ~39% of end global energy demand in 2019

Even in future scenarios, the contribution is expected to remain at similar % levels

Overall Global Steam Turbine Market has been declining over the years…

Overall Global Steam Turbine Market (in GW)

134

108

160

140

120

100

101

4 1 0 2

5 1 0 2

6 1 0 2

7 1 0 2

8 1 0 2

9 1 0 2

0 2 0 2

1 2 0 2

2 2 0 2

3 2 0 2

4 2 0 2

The global steam turbine market declined from

108 GW in 2014 to 101 GW in 2024

a decline of ~1% p.a. yearly during 2014 - 24

Source: McCoy Report 2024

Global Steam Turbine Market <100 MW also declined during the last decade

9.6

7.6

15.0

10.0

5.0

0.0

Global Steam Turbine Market, Below 100 MW (in GW)

Below 100 MW industrial segment where

Triveni Turbines operates

has also declined

over a period of 10 years

8.7

6.2

6.9

5.5

4 1 0 2

5 1 0 2

6 1 0 2

7 1 0 2

8 1 0 2

9 1 0 2

0 2 0 2

1 2 0 2

2 2 0 2

3 2 0 2

4 2 0 2

Overall Ex-China, Ex-Japan

Source: McCoy Report 2024

Below 100 MW market ex-China, ex-Japan

that Triveni addresses

also registered a decline

Contribution of Thermal Renewable Fuels in <100MW market has also been rising

Global Steam Turbine Market, Below 100 MW (in %), By Fuel Type - 2014 to 2024

100%

90%

80%

70%

60%

50%

40%

30%

20%

10%

4 1 0 2

5 1 0 2

6 1 0 2

7 1 0 2

8 1 0 2

9 1 0 2

0 2 0 2

1 2 0 2

2 2 0 2

3 2 0 2

4 2 0 2

Fossil

Combined Cycle

Thermal Renewable

Others

Source: McCoy Report 2024

In the <100 MW market, where Triveni

operates the growth of thermal renewables

has been consistent and strong.

The share of thermal renewable fuels

(Biomass, Waste-to-Energy, Waste Heat

Recovery) is significant at 73% in 2024

compared to 42% in 2014. In contrast, the

share of fossil fuels declined to 22% in 2024

from 36% in 2014.

Company Overview

A Differentiated Product Portfolio Catering To Wide Range Of Applications

Renewable Power Generation Applications Independent Power Producers (IPP)

• Biomass

• Waste Heat

• Waste to Energy

Recovery (WHR)

(WtE)

• Geothermal

Other Power Generation Applications

• Combined Cycle Power Plant

Combined Heat & Power Applications Industrial Segments

• Sugar & Distillery

• Food Processing

• Pulp & Paper

• Textile

• Palm Oil

• Cement

• Steel

• Chemicals

• Petrochemicals

• Petroleum Refineries

• Metals

• Agro-processing

Up to 100 MW

Condensing Steam Turbines1

• Straight

• Bleed

• Double Extraction

•

Injection

• Uncontrolled Extraction

• Reheat Axial Turbines

• Controlled Extraction

Back Pressure Steam Turbines

• Straight

• Uncontrolled Extraction

• Controlled Extraction

• Bleed

Energy-efficient American Petroleum Institute (API)

• API steam turbines compliant with international standards

(API 611 - General Purpose and API 612 - Special Purpose)

Drive Applications

• Petroleum Refineries

• Chemicals

• Petrochemicals

• Fertilisers

1 Power generation capacity: Up to 100 MW; Steam Inlet Temperature: Up to 545°C; Steam Inlet Pressure: Up to 140 Bar(a)

Providing Sustainable Turbine Solutions for Renewable Energy Space

Comprehensive Aftermarket Offerings

Customer Centric Approach

Original Equipment Manufacturer (OEM) Expertise

Shorter Lead Time

24x7 Customer Service

Automation & Efficiency

Quality & Reliability

Preventive Maintenance

LTSA/AMC

Upgradation

High Speed Balancing

Turnkey Solutions

Troubleshooting

LTSA: Long-term Service Agreements AMC: Annual Maintenance Contracts

Driving Growth through Refurbishment Solutions

Key Growth Area: Refurbishment

OEM expertise with vast knowledge

of rotating equipment promoting refurbishment growth

Large addressable market globally

Access to newer end-user industries and geographies

Energy efficiency and return-driven metrics driving growth for

refurbishment solutions globally

Compliments own product and aftermarket solutions of the

Company

Our Strategic Priorities

Innovation-led Diversified business

Sustained & Responsible Growth

Customer Centric Products & Solutions

Global Market Significance

People Focus

Increasing Proximity to Customers

Our Unique Strengths

Our Key Growth Drivers

Energy Transition

Customer-Centric Approach

Focus on Sustainability

Expansion into New Markets

Increasing Industrial Energy Demand

Innovation & Technological Advancements

Diverse Customer Base and Market Presence

Strong Execution Capabilities

Global Market Significance

Engineering Excellence

Refurbishment Solutions

Dynamic and Collaborative Workforce

Strong Global Footprint

>80 Countries of Presence

Sustainability-led Responsible Growth

Renewable fuel sources driving Product Order Booking

Fuel-agnostic solutions that align with the decarbonization journey

Focused on energy efficiency across products and solutions

New product development and innovation efforts towards long-term sustainable solutions

Rising contribution of thermal renewable fuels in addressable markets

Green Manufacturing Facilities

Sustainable sourcing with focus on local suppliers & MSMEs (Micro, Small & Medium Enterprises)

Our Core Principles

Impact

Product Quality

Innovation & Technology

▪ Aims to make a positive impact to

▪ Best-in-class manufacturing at

all our stakeholders

▪ Enhance market share with a

compelling value proposition

▪ Propel sustainable development through our strategic priorities

two-world class facilities at Peenya and Sompura in Bengaluru

▪ Both the plants are certified for AS 9100, ISO 9001, ISO 14001 and ISO 45001 standards for Quality Management, Environmental Management and Safety Management respectively

▪ Consistent R&D of technology to surpass customer needs and keeping up with changing business requirements

▪

Leveraged in-house R&D expertise along with institutional association reputed technical institutes such as IISc, etc.

▪ An organization driven by Intellectual

Property (IP)

Our Core Principles

Ethics

Strong Relationships

Sustainability

▪ Professional and transparent

business practices

▪ Strong focus on Environment, Social and Governance (ESG)

▪ Customer centricity with focus on continuous modernisation, with regular upgrades and efficiency improvements

▪ Sustainable solutions that create a

high degree of value for our stakeholders

▪ Strong networks in place to enable

smooth business operations

▪ Supports environment sustainability with significant focus on thermal efficiency improvements

▪

Leadership in all our business lines with sustainability at the core

▪ Enabling Environmentally responsive

operations

Continued ESG Focus

Environmental

Social

Governance

▪ Manufacturing Facilities at both Peenya and Sompura are Green Factories

▪

Installation of roof top solar power plant of 1300 KW capacity with net metering facility

▪ Educational initiatives such as sponsorship on education and training programmes for differently-abled students

▪ Provided financial support to a non-profit organisation, that focusses on value based leadership development and open dialogue on important issues facing the Indian society, to help its transformation

▪ Board comprises of 9 members which include 5 Non-Executive Independent Directors (including 2 Women Directors), 2 Non-Executive Non-Independent Directors and 2 Executive Directors ▪ Committees of the Board: i. Audit Committee ii. Nomination and Remuneration

Committee

iii.Stakeholders’ Relationship Committee iv.Corporate Social Responsibility

Committee

v. Risk Management Committee

Financial Performance Highlights

Strong & Consistently Improving Performance Over the Years

Revenue From Operations (₹ Million)

30% p.a.

20,058

16,539

12,476

7,026 8,522

FY 21 FY 22 FY 23 FY 24 FY 25

6,000

5,000

4,000

3,000

2,000

1,000

EBITDA and EBITDA Margins (₹ Million & %)

% 7 . 3 2

33% p.a.

% 5 . 2 2

% 2 . 2 2

% 8 . 5 2

% 0 . 3 2

3,810

2,764

1,667 1,921

PBT and PBT Margins (₹ Million & %)

34% p.a.

30.0%

5,177

6,000

25.0%

5,000

20.0%

4,000

15.0%

3,000

% 4 . 1 2

% 5 . 9 1

% 5 . 0 2

% 6 . 1 2

3,576

2,555

10.0%

2,000

1,506 1,666

5.0%

1,000

0.0%

% 3 . 4 2

30.0%

4,884

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

FY 21 FY 22 FY 23 FY 24 FY 25

• Revenue CAGR of 30% p.a.

between FY 21 - FY 25

• EBITDA CAGR of 33% p.a. between FY 21 – FY 25

• PBT CAGR of 34% p.a. between FY 21 – FY 25

Strong & Consistently Improving Performance Over the Years

PAT and PAT Margins (₹ Million & %)

% 7 . 1 3

2,702

37% p.a.

% 1 . 5 1

1,929

% 3 . 6 1 2,695

4,000

3,500

3,000

2,500

2,000

1,500

1,000

500

% 6 . 4 1

1,025

% 9 . 7 1

3,586

35.0%

30.0%

25.0%

20.0%

15.0%

10.0%

5.0%

0.0%

Order Booking (₹ Million)

38% p.a.

23,627

18,783

16,054

11,836

6,431

FY 21 FY 22 FY 23 FY 24 FY 25

FY 21

FY 22

FY 23

FY 24

FY 25

• PAT CAGR of 37% p.a. between FY 21 – FY 25

• Order Booking CAGR of 38% p.a.

between FY 21 – FY 25

Note: PAT and PAT margins for FY 22 include the impact of one-time exceptional income of ₹ 1,982 million (Net of Expenses)

Focused on Diversification

Share of Domestic and Export Sales (%)

Share of Product and Aftermarket Sales (%)

4 5

6 4

0 7

0 3

5 5

4 5

5 4

6 4

2 5

8 4

7 2

3 3

3 7

7 6

2 3

8 6

FY 21

FY 22

FY 23

FY 24

FY 25

FY 21

FY 22

FY 23

FY 24

FY 25

Domestic

Exports

Aftermarket

Product

•

Focused on enhancing our global market position and enhancing contribution of Aftermarket Solutions

Enhancing Working Capital Management Efficiency

Working Capital (₹ Million)

660

Inventory Turnover Ratio (x Times)

Assets Turnover Ratio (x Times)

5.96

5.86

2.26

3.22

FY 20

-756

FY 25

FY 20

FY 25

FY 20

FY 25

• Sharp focus on effective management and ongoing monitoring has resulted in sustained improvement in working capital position.

• Focus on high-value engineering alongside remaining asset-light ensures more effective use of assets, contributing to an increase

in asset turnover.

Optimising Cashflows and Returns

Investments including Cash (₹ Million)

Return on Capital Employed (%)

Return on Equity (%)

9,873

32%

40%

33%

25%

1,979

FY 20

FY 25

FY 20

FY 25

FY 20

FY 25

• Our focus on operational efficiency and effectively managing cash aids sustained high cash flow generation and robust return metrics.

• Our cash position including investments as on March 31, 2025, stood at ₹ 9,873 million giving us enough headroom for investing in

growth initiatives.

FY 25: Management Commentary

•

In FY 25, Triveni Turbines sustained its strong track record of outstanding financial

performance and surpassed previous highs of annual revenues, profitability and order

booking. Revenue from Operations grew 21% over the previous year to reach record level of

₹ 20.06 billion. EBITDA and Profit Before Tax (PBT) grew faster at 36% and 37% y-o-y and

stood at ₹ 5.18 billion and ₹ 4.88 billion respectively. Profit After Tax (PAT) stood at ₹ 3.59

billion, representing an increase of 33% over last year. Higher EBITDA and profits were

achieved through a combination of efficient cost management, operating leverage and an

improved revenue mix.

• Order booking for the year reached a record ₹ 23.63 billion, up 26% y-o-y supported by

increased domestic and product-led demand. This is despite downward adjustments of ~₹ 1.4

billion in order booking due to slow moving orders while having customer advances. At end of

March 31, 2025 the closing order book stood at a record ₹ 19.09 billion, an increase of

23% y-o-y. A robust closing order book ensures healthy visibility for the medium term,

positioning the Company well for continued momentum.

Mr. Dhruv Sawhney, Chairman & Managing Director Triveni Turbine Limited

Q4 / FY 25: Highest Ever Revenue, EBITDA, PAT

REVENUE

EBITDA and EBITDA Margin

PAT and PAT Margin

(₹ in Million)

+21%

20,058

+17%

16,539

4,581

5,380

+31%

+36%

+24%

+33%

6,000

5,000

4,000

3,000

2,000

1,000

26.1%

23.3%

1,069

1,403

25.8%

5,177

23.0%

3,810

30%

5,000

25%

4,000

20%

3,000

15%

2,000

10%

1,000 5%

0% -

17.6%

16.6%

762

946

17.9%

3,586

16.3%

2,695

20.0%

19.0%

18.0%

17.0%

16.0%

15.0%

14.0%

13.0%

12.0%

11.0%

10.0%

Q4 FY 24 Q4 FY 25

FY 24

FY 25

Q4 FY 24 Q4 FY 25

FY 24

FY 25

Q4 FY 24 Q4 FY 25

FY 24

FY 25

• Highest ever quarterly and annual revenues in Q4 FY 25 and FY 25

• Product sales increased by 22% y-o-y

to a record ₹ 13.6 billion while aftermarket sales increased by 19% y-o-y to ₹6.4 billion in FY 25

• Highest ever quarterly and annual EBITDA in Q4 FY 25 and FY 25

• EBITDA margins increased by ~280

bps y-o-y to 25.8% in FY 25

• Highest ever quarterly and annual PAT in Q4 FY 25 and FY 25

• PAT margins of 17.9%

higher by ~160 bps y-o-y in FY 25

Q4 / FY 25: Record Order Booking and Closing Order Book

Order Booking

Closing Order Book

(₹ in Million)

+26%

23,627

18,783

+23%

19,094

15,525

+44%

4,351

6,280

Q4 FY 24 Q4 FY 25

FY 24

FY 25

Q4 / FY 24

Q4 / FY 25

• Export order booking grew 23%

y-o-y to ₹ 12.6 billion and contributed to 53% of overall order booking in FY 25, which places the Company well from a profitability perspective.

• The export outstanding order book stood at a record ₹ 10.9 billion as on March 31, 2025, up 36% y-o-y and contributing to 57% of the closing order book.

Shareholding Pattern

0.80% 3.58% 12.52%

27.26%

1.32% 4.80%

10.03%

28.01%

55.84%

31-Mar-24

31-Mar-25

Promoter Group

Mutual Funds + AIF

Others

Foreign Portfolio Investors

Resident Individuals

As on March 31, 2025 Foreign Portfolio Investors (FPI) increased holding y-o-y

Note: Others comprise of Insurance companies, HUF, Corporate Bodies, NRI, LLP, Trusts, IEPF, etc.

Investor Relations Contact

Visit us: www.triveniturbines.com

Surabhi Chandna Investor Relations & Value Creation

ir@triveniturbines.com

+91 - 120 - 4308000

8th Floor, Express Trade Towers Plot No. 15 & 16, Sector 16-A, Noida – 201 301, India.

Some of the statements in this presentation that are not historical facts are forward looking statements. These forward-looking statements include our financial and growth projections as well as statements concerning our plans, strategies, intentions and beliefs concerning our business and the markets in which we operate.

These statements are based on information currently available to us, and we assume no obligation to update these statements as circumstances change. There are risks and uncertainties that could cause actual events to differ materially from these forward-looking statements. These risks include, but are not limited to, the level of market demand for our services, the highly-competitive market for the types of services that we offer, market conditions that could cause our customers to reduce their spending for our services, our ability to create, acquire and build new businesses and to grow our existing businesses, our ability to attract and retain qualified personnel, currency fluctuations and market conditions in India and elsewhere around the world, and other risks not specifically mentioned herein but those that are common to industry.

Further, this presentation may make references to reports and publications available in the public domain.

Triveni Turbine Ltd. makes no representation as to their accuracy or that the company subscribes to those views / findings.

Thank You

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