Triveni Engineering & Industries Ltd. reported strong Q2 FY26 consolidated results, with revenue from operations (net of excise duty) reaching ₹3,304 crore for H1 FY26. Despite a seasonally weak quarter, Profit Before Tax stood at ₹32 crore and Profit After Tax at ₹23.5 crore. The company anticipates increased order booking for PTB and Water businesses in subsequent quarters, driven by healthy sugarcane crop outlook for SS 2025-26.
Financial Performance Highlights
Triveni Engineering & Industries Ltd. announced its Q2 FY26 financial results, showcasing a significant improvement in financial performance despite seasonal challenges. Key highlights include:
- Revenue from Operations (Net of excise duty): ₹3,304 crore (H1 FY26)
- Profit Before Tax: ₹32 crore
- Profit After Tax: ₹23.5 crore
The company has successfully navigated a seasonally weak quarter, with improved distillery operations playing a crucial role in driving profitability. Additionally, Triveni anticipates increased order booking traction in Power Transmission Business (PTB) and Water businesses in subsequent quarters.
Segmental Performance
Here’s a brief overview of the performance across Triveni’s key business segments:
Sugar and Allied Businesses:
Net turnover increased by 18% in Q2 FY26 and by 21% in H1 FY26, driven by a 14% increase in consolidated sugar dispatches, improved sugar realizations, and a 19% increase in alcohol sales volume. Sugar results in Q2 include income of Rs 16.81 crores arising from revision of power tariff applicable from 01-04-2024.
Alcohol (Distillery) Business:
Improvement in distillery profitability has been due to higher production and sales volumes and due to correction in input costs, particularly maize. Improvement in distillery profitability has been due to higher production and sales volumes and due to correction in input costs, particularly maize.
Power Transmission Business (PTB):
Marginal increase in revenue and profitability. PBIT continues to be at 36% for H1 FY26 despite absorbing incremental expenses relating to increase in capacity. We have witnessed significant improvement in enquiry levels.
Water Business:
Turnover and segment profits during H1 FY26 are 19% and 41% higher than H1 FY25. New opportunities are emerging in recycle, reuse and Zero Liquid Discharge kind of business on EPC as HAM model.
Corporate Restructuring
The proposed scheme of amalgamation with SSEL and the demerger of the Power Transmission business is expected to unlock value and drive operational efficiencies. The proposed scheme has been approved by stock exchange and the process of obtaining approval of NCLT has been initiated.
Outlook
Triveni anticipates a healthy sugarcane crop position for the upcoming Sugar Season (SS) 2025-26. The company is also focused on improving distillery operations and expects more traction in order booking for PTB and Water businesses in subsequent quarters. India’s economic growth, supported by strong manufacturing and investment demand, bodes well for long term outlook.
Source: BSE
