Please find enclosed here with transcript of Q4 and year ended 31.03.2026 earnings call which was held on 29.05.2026
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Triton Valves reported FY26 consolidated revenue of ₹578 crores (post interco elimination), up 18% from ₹488 crores, with EBITDA rising ~20% to ₹40.7 crores. Adjusted PBT nearly doubled to ₹15.5 crores after excluding a one-time labour code exceptional item. Q4 revenue grew to ₹159 crores (vs ₹152 crores QoQ and ₹142 crores YoY), with PBT jumping 4.5x YoY to ₹4.7 crores. Management highlighted strong volume growth expected in FY27 across automotive, EV, and metals verticals (10-12%), with the brass/metals division targeting 7,000+ tons (15-25% volume growth) and a ₹1,000 crore revenue milestone by FY29-30. Key new wins include a TPMS valve deal with AUMOVIO (formerly Continental), mass production begun for Mitsubishi Electric, and first exports booked to China and a European defence customer.
Shareholders get a positive read on volumes, new product pipeline (TPMS, EV, tubes), and the pending NCLT merger of Climatech expected within 1-2 weeks, which could unlock ₹6-7 crores in tax shield benefits. However, optically EBITDA margins face pressure from surging commodity and dollar costs, and the climate control vertical remains weak due to Chinese dumping, capping near-term margin upside despite strong top-line optics.