Triveni Engineering & Industries Limited reported its results for the first quarter of FY27, showcasing a 2% year-on-year revenue growth to ₹1,581 crores. The company achieved improved operating performance, particularly in its sugar and distillery businesses, leading to a significant improvement in profitability. EBITDA increased by 6% year-on-year, and the profit before tax stood at ₹5 crores compared to a loss of ₹9 crores in Q1 FY26. The company also successfully reduced its standalone gross debt to ₹1,238 crores.
Triveni Engineering Reports Strong Q1 FY27 Performance
Triveni Engineering & Industries Limited (TEIL) has announced its financial results for the first quarter of the fiscal year 2027 (Q1 FY27), ending June 30, 2026. The company reported a 2% year-on-year increase in revenues from operations, reaching ₹1,581 crores. This growth was primarily driven by higher sugar sales volumes and better sugar realization, partly offset by lower alcohol offtake and slightly lower water revenue.
Profitability Boosted by Operational Efficiencies
The company’s EBITDA saw a healthy increase of 6% year-on-year. Notably, the profit before tax improved significantly to ₹5 crores, a substantial turnaround from a loss of ₹9 crores reported in the corresponding quarter of the previous fiscal year (Q1 FY26). This improvement in profitability is attributed to the enhanced operating performance in the sugar and distillery segments, including lower maize procurement costs and better operating efficiencies.
Financial Health Strengthened
TEIL has demonstrated a stronger financial position, with its standalone gross debt reducing to ₹1,238 crores as of June 30, 2026. This comprised of term loans of ₹376 crores and working capital of ₹862 crores. The consolidated average cost of funds also saw a reduction of 70 basis points, settling at 6.8% for the quarter.
Business Segment Highlights
Sugar Business: Despite a lower sugarcane crush of 8.25 million metric tonnes for the 2025-2026 season, the sugar business delivered stable profitability. Domestic dispatches grew by 7%, and average realization improved by 3%. Segment revenue rose 6% year-on-year to ₹1,235 crores, with PBIT increasing by 82% to ₹14 crores.
Alcohol and Distillery Business: The company continued its turnaround trajectory in this segment. Production was 57,488 kilolitres, a 12% year-on-year decrease, with sales volume down 19%. However, despite lower offtake, PBIT improved 32% to ₹31 crores, supported by lower maize procurement prices and improved feedstock economics.
Water Business: The water business revenue declined by 21% year-on-year to ₹43 crores, primarily due to slower execution of EPC jobs in Prayagraj and Vadodara. Consequently, PBIT declined to ₹2 crores. The order book remained strong at ₹1,472 crores.
Outlook
The company expressed optimism regarding the sugar business, citing a constructive industry outlook with strengthening domestic prices. The distillery business also shows an encouraging medium-term outlook, with India achieving its 20% ethanol blending milestone. Triveni Engineering is focused on improving cane availability, enhancing recoveries, and driving operational efficiencies across its businesses.
Source: BSE
