Triveni Engineering & Industries reported strong Q3 FY26 results, with revenues increasing by 17.8% to ₹4,782.5 crore. The company saw a significant turnaround in the distillery segment and improved performance in the sugar segment, despite higher sugarcane prices. The engineering businesses also saw growth, and the company expects continued strong performance in the coming quarters. The company’s order book remains robust.
Financial Highlights
Triveni Engineering & Industries Ltd. announced its Q3 & 9M FY26 earnings, showcasing substantial growth. Key highlights include:
- Revenues from operations: ₹4,782.5 crore, a 17.8% increase.
- PBT for the quarter: ₹102.8 crore, compared to ₹57.6 crore in the same period last year.
- Profit after tax: ₹77.8 crore versus ₹42.6 crore year-over-year.
Segment Performance
Sugar Business
The sugar business saw revenues for 9M increase by 19%, supported by a 12% increase in sugar dispatches and a 5% increase in realization. In Q3, revenues increased by 12% with volumes contributing 8% and price realization 6%.
The company anticipates better sugar pricing for the coming quarters due to reduced closing stock and anticipates Northern sugar mills will benefit by carrying the stock later into the sugar year.
Alcohol Business
The sales volume for the quarter increased by 27%. Profitability improved due to lower procurement costs, particularly for maize, and a focus on cost optimization.
Ethanol constituted 92% of the company’s alcohol sales during Q3 FY26, compared to 89% in Q3 FY25. The ratio of molasses to grain was 45% – 55%.
Engineering Businesses
The Power Transmission business experienced a significant uptick in inquiry levels, at least 75% compared to last year, with growth primarily driven by exports.
Despite a tough operating environment, PBT margins improved by 90 bps YoY due to better gross margins and a favorable product mix.
Order Book
The order booking stood at ₹409 crore, an increase of 8% from the previous year’s ₹377 crore. The Water business’s outstanding order book stood at ₹1,598 crore as of December 31, 2025, including just under ₹1,100 crore of O&M contracts.
Debt Position
The debt position stood at ₹783 crore on December 31, 2025, similar to the ₹775 crore from the previous year. The gross debt on a consolidated basis stood at ₹1,073 crore compared to ₹981 crore on December 31, 2024. The overall cost of funds was 6.1% for Q3 FY26.
Source: BSE
