Triveni Engineering & Industries Limited announced its financial results for the second quarter and half year ended September 30, 2026. The company reported a consolidated revenue of ₹3,311 crore for the first half of FY27, a 5% increase year-on-year. Q2 FY27 revenue saw an 8% increase to ₹1,731 crore, driven by strong performance in the Sugar and Alcohol segments.
Triveni Engineering & Industries Reports Strong Q2 FY27 Results
Triveni Engineering & Industries Limited has announced its financial results for the second quarter and the first half of the financial year 2027 (FY27), concluding on September 30, 2026. The company has demonstrated robust growth, with consolidated revenues from operations increasing by 5% year-on-year to ₹3,311 crore for the first half of FY27, compared to ₹3,145 crore in the corresponding period of the previous year.
Q2 FY27 Performance Highlights
The second quarter of FY27 also witnessed a significant uptick, with revenue climbing by 8% year-on-year to ₹1,731 crore. The operating margin for the first half of FY27 saw a substantial improvement, growing by 383 basis points to 6.9% from 3.1% in the previous corresponding period. Profit Before Tax (PBT) improved sharply to ₹131 crore for H1 FY27, a notable shift from a loss of ₹25 crore in H1 FY26.
Business Segment Contributions
The Sugar business was a principal driver of the turnaround in H1 FY27, with revenue increasing by 5% year-on-year to ₹2,497 crore. Average sugar realization improved by 9% to ₹4,428 per metric tonne, while dispatches remained broadly stable. The segment PBIT improved substantially to ₹113 crore from a loss of ₹5 crore in the previous corresponding half-year. In Q2, Sugar revenue increased by 4% to ₹1,262 crore, with realisations increasing by 16% to ₹4,728 per metric tonne.
The Alcohol business also continued to show improvement in its core profitability in Q2 and H1 FY27. Despite lower production and modestly lower sales volume, the H1FY27 revenue increased by 3%, and PBIT increased by 44%. In Q2, net revenue increased by 19%, supported by a 16% increase in sales volume, higher supplies of maize-based and C-heavy molasses ethanol, and stronger DDGS realisations. The Q2FY27 segment PBIT increased to ₹43 crore from ₹28 crore in the previous corresponding quarter.
Financial Strength and Outlook
The company’s balance sheet has strengthened materially. The net debt level improved significantly to ₹157 crore as of September 30, 2026, compared to ₹702 crore a year ago. This improvement is attributed to higher profitability, lower working capital utilization, and the repayment of term loans. The finance cost for H1 FY27 was 20% lower year-on-year, mainly due to lower average working capital utilization, improved profitability, and a lower average cost of funds.
Looking ahead, the Sugar business is supported by low opening stocks and an anticipated tight domestic supply-demand balance. The Alcohol business faces a more challenging environment due to changes in the ethanol tender, while the Water business requires faster execution of projects.
Source: BSE
