The result hit the market after trading hours yesterday, 4 August 2016.

Meanwhile, the S&P BSE Sensex was up 305.62 points or 1.1% at 28,019.99.

On BSE, so far 24,398 shares were traded in the counter, compared with an average daily volume of 43,934 shares in the past one quarter. The stock hit a high of Rs 124 and a low of Rs 119.65 so far during the day. The stock hit 52-week high of Rs 127.75 on 1 July 2016. The stock hit a 52-week low of Rs 87.50 on 29 February 2016. The stock had underperformed the market over the past one month till 4 August 2016, sliding 4.05% as against the Sensex's 1.6% gains. The scrip had also underperformed the market in past one quarter, gaining 7.62% as against the Sensex's gain of 10.41%.

The mid-cap company has equity capital of Rs 33 crore. Face value per share is Rs 1.

Triveni Turbine said in its Q1 June 2016 investor release that its earnings before interest, taxation, depreciation and amortization (EBITDA) rose 29% to Rs 38.40 crore in Q1 June 2016 over Q1 June 2015. The company said that the shift in its focus to exports, which was started two years ago, has now started showing good results. The company's strategy of concentrating on sectors such as sugar and process co-generation, combined cycle and waste-to-energy and biomass and focus on the world market is helping it in smoothing the variations in demand in any particular segments or countries. The company has increased focus on aftermarket services globally and this is showing positive results, it said. With a view to sustain aftermarket growth, the company is adding resources to its current export centers and formulating plans for opening new centers in diverse geographic locations.

The company further said that it has a strong order backlog of Rs 657 crore as on 30 June 2016. The company's management expects to meet performance expectations for the year ending 31 March 2017 (FY 2017) on the back of the company's rapidly increasing exports, increasing aftermarket operations and strong order book and enquiry pipeline. The company further said that enquiries in the export market are in advanced stages of finalization. Exports contribute 52% of orders on hand versus 31% in Q1 June 2015.

The operations at the company's joint venture with GE, GE Triveni (GETL) are progressing well. Based on pipeline of enquiries, GETL expects good order booking for the full year. GETL is engaged in design, supply and service of advanced technology steam turbines with generating capacity of above 30 to 100 megawatts (MW).

Triveni Turbine offers steam turbine solutions for industrial captive and renewable power. The company manufactures steam turbines up to 100 MW.