Triveni Turbine clocks record revenue as US data center demand spikes
Export growth is leading the charge, with the enquiry book reaching 18 GW. US-specific interest grew ten-fold during the quarter.
What's new
- Revenue hit record highs of ₹6.8 bn on the back of a 19% increase in order bookings.
- Exports now account for 60% of total revenue, surging 46% against the prior year.
- Total enquiry book reached 18 GW, with US demand fueled by data centers and geothermal projects.
Why this matters
Triveni’s pivot toward high-growth US energy infrastructure is paying off in scale. When exports account for more than half of your top line and the enquiry book doubles, the company is no longer just selling turbines — it is capturing the global shift toward data center power resilience.
What we're watching
- Margin stability as export volume grows.
- Conversion rates for the new 3 GW US enquiry pipeline.
- Aftermarket revenue share in future quarters.
The full read
Triveni Turbine just closed Q4 FY26 with record revenue of ₹6.8 billion, a 26% gain over the previous year. The order book is keeping pace with a 19% increase, reaching ₹7.54 billion. The most vital takeaway is the geographical shift: exports now drive 60% of quarterly revenue, a 46% leap year-on-year. Management is clearly leaning into the US market, where enquiries surged 1,000% to hit 3 GW. This is not coincidental. The demand is driven by the infrastructure buildout for data centers and geothermal energy. With the total enquiry book nearly doubling to 18 GW, Triveni has a massive window to convert these leads into long-term orders. The aftermarket business remains a steady secondary engine, but the real story is the intensity of foreign demand. Triveni is currently scaling exactly where the global capital expenditure is heaviest.