Shares of Triveni Turbine were trading 3% above on 2 November after the company announced its quarterly earnings for July-September.

The steam turbine manufacturer reported a 38% year-on-year increase in its profit after tax at Rs 64 crore for the quarter under review.

The company’s revenue saw a highest-ever at Rs 388 crore during the quarter, marking a 32% year-on-year increase.

The company’s EBITDA (earnings before interest, taxes, depreciation, and amortisation) stood at Rs 88 crore, which is a 34% year-on-year increase.

Chairman and Managing Director Dhruv M Sawhney said, “Triveni Turbines’ has reported yet another strong set of results across all key metrics of revenues, profitability and order booking.”

He said that the company is focused on increasing the share of exports to address a larger market globally, along with an increase in its after-market services portfolio to diversify avenues for growth and improved profitability due to a better margin profile of both.

The company is one of the leading manufacturers of industrial steam turbines and also provides a range of after-market services for turbines and other rotating equipment, such as rotors and compressors.

At 3:30 pm, the shares of Triveni Turbine closed 2.77% above at Rs 363.15 on NSE.