Triveni Engineering & Industries Ltd. announced its consolidated financial results for the second quarter and first half of FY27, ending September 30, 2026. The company demonstrated robust performance with a 136.7% increase in EBITDA for H1 FY27 and a significant 915.2% rise in Profit After Tax for Q2 FY27. Revenue from operations (net of excise duty) grew by 8.4% in Q2 FY27 and 5.3% in H1 FY27, driven by strong performance in the sugar and alcohol segments.
Triveni Engineering Reports Strong H1 FY27 Performance
Noida, November 02, 2026 – Triveni Engineering & Industries Ltd. (Triveni), a leading integrated sugar and ethanol manufacturer, today announced its financial results for the quarter and half-year ended September 30, 2026. The company has reported a significant improvement in its financial performance, with key highlights including a 136.7% year-on-year growth in EBITDA for the first half (H1) of FY27 and a substantial increase in Profit After Tax (PAT).
Q2 FY27 and H1 FY27 Financial Highlights
For the second quarter (Q2) of FY27, Triveni reported a 7.5% increase in Revenue from Operations (Gross) to ₹2,049 crore, while Revenue from Operations (Net of excise duty) saw an 8.4% rise to ₹1,731 crore. EBITDA surged by an impressive 352.4% to ₹165 crore, with the EBITDA margin expanding to 9.5% from 2.3% in the prior year. Profit Before Tax (PBT) stood at ₹126 crore, compared to a loss of ₹16 crore in Q2 FY26. Profit After Tax (PAT) for the quarter was ₹94 crore, a significant turnaround from a loss of ₹11 crore in the corresponding period last year. Earnings Per Share (EPS) was ₹4.25, up from ₹-0.52.
In the first half (H1) of FY27, Revenue from Operations (Gross) increased by 5.0% to ₹3,999 crore, and Revenue from Operations (Net of excise duty) grew by 5.3% to ₹3,311 crore. EBITDA showed a remarkable 136.7% increase, reaching ₹229 crore, with the EBITDA margin improving to 6.9% from 3.1%. PBT for H1 FY27 was ₹131 crore, a substantial improvement from a loss of ₹25 crore in H1 FY26. PAT for the half-year was ₹97 crore, a significant rise from a loss of ₹18 crore in the previous year. EPS for H1 FY27 stood at ₹4.42, compared to ₹-0.82.
Key Drivers of Performance
The company attributed the improved performance to higher sugar realisations and sales volumes in both the sugar and alcohol segments, as well as improved realisation of the grain distillery by-product (DDGS). Profitability improvement in H1 FY27 was primarily driven by an increase in sugar margins, higher proportion of high-margin maize feedstock, improved DDGS realisation, and lower finance costs. The company also highlighted a substantial reduction in net debt, improving its balance sheet position.
Operational Segments Performance
The Sugar business saw domestic dispatches decrease by 7.6% to 2,55,334 tonnes in Q2 FY27, but average realisations increased by 16.5% to ₹47,275/MT. Revenue for the segment increased by 3.9% in Q2 FY27. For H1 FY27, revenue grew by 4.7% and PBIT increased by 2444.4% to ₹113 crore.
The Alcohol business saw production decrease by 14.3% in Q2 FY27, and by 12.8% in H1 FY27. However, sales volume increased by 15.8% in Q2 FY27 and average realisation saw a 1.1% growth. Net revenue for the alcohol segment grew by 19% in Q2 FY27 and 2.5% in H1 FY27. PBIT for the segment saw significant growth, rising by 53.5% in Q2 FY27 and 43.9% in H1 FY27.
The Water business experienced a decline in revenue by 12.9% in Q2 FY27 and 17.1% in H1 FY27, primarily due to the slow execution of certain EPC jobs. Profitability declined commensurately. However, the outstanding order book remains healthy at ₹1,452 crore.
Source: BSE
