Motilal Oswal Recommends BUY for Triveni Turbine, Sets Target at Rs 615

• Motilal Oswal maintains a BUY rating for Triveni Turbine with a revised target price of INR 615.
• The 3QFY26 results showed a revenue beat driven by higher export execution, while PAT was in line.
• Domestic inquiries are improving, and new products are gaining traction in terms of inquiries.
• Export order inflows remain weak but are anticipated to recover by 4QFY26.
• Estimates for FY27/28 were cut by 5%/8% due to lower 9MFY26 inflows, leading to the revised target price.