Triveni Power Transmission Limited (TPTL), a manufacturer of high-speed gearboxes and engineered power transmission solutions, reported revenue of ₹189 crore for the first half of FY2026-27, an increase of 17.8% year-on-year. The company announced its maiden financial results since becoming an independently listed entity.
For the quarter ended September 30, 2026, revenue stood at ₹116 crore, up 5.7% year-on-year and 59.9% sequentially. Consolidated EBITDA was ₹42 crore, with a margin of 36.1%, while profit after tax (PAT) reached ₹26 crore. For H1 FY27, EBITDA stood at ₹67 crore, with a margin of 35.7%, and PAT was ₹41 crore. The company generated free cash flow of ₹13 crore after capital expenditure of ₹31 crore during the half year.
Order bookings increased 47.7% year-on-year to ₹126 crore in Q2 FY27. For H1 FY27, bookings rose 94.7% to ₹330 crore. The closing order book reached ₹626 crore as of September 30, 2026, an increase of 57.2% from the year-ago period. The Aftermarket business contributed 26.7% of revenue during the period. Demand for lifecycle services, replacements, refurbishment and equipment upgrades continues to support this segment.
The Defence business recorded revenue growth of 3.3 times year-on-year in Q2 FY27 and 3.7 times in H1 FY27. The company continued to execute orders for marine gearboxes, propulsion shafting and related systems. A new manufacturing facility is supporting specialised defence and marine requirements, including propulsion shafting, casing machining and ship-system equipment.
TPTL is also developing capabilities in marine gearboxes, stabilisers, steering gear and associated marine systems. Product development programmes covering sleeve couplings, steering gear, stabilisers and plummer blocks are intended to increase indigenous technology content. Timelines for these programmes remain dependent on customer approvals and procurement schedules.
Tarun Sawhney, Vice Chairman and Managing Director of TPTL, said the company had maintained growth while generating positive free cash flow and investing in manufacturing, research and development, and digital initiatives. He said the company’s priorities included converting business opportunities into orders, strengthening relationships with global original equipment manufacturers, expanding its international Aftermarket presence and executing its Defence order book. TPTL will also focus on returns on capital and cash generation.
Founded in 1976, TPTL has more than 50 years of engineering experience, over 450 employees and more than 14,000 installations across 80-plus countries. Its manufacturing facilities can produce gearboxes of up to 2,800 mm in diameter, supported by in-house testing capacity of up to 90 MW.
Triveni Power Transmission Limited manufactures high-speed gearboxes and power transmission systems for industrial and defence applications. Its services include original equipment manufacturing, aftermarket support, refurbishment, upgrades and lifecycle services. The company became an independent listed entity in 2026 following its demerger from Triveni Engineering & Industries Limited and is part of the Triveni Group.
