Triveni Engineering & Industries (TRIVENI) investor relations material

Executive summary

• Q1 FY27 marked a new phase post-demerger, with the power transmission business now separate and results restated for continuing operations.

• Profitability improved significantly, with PAT rising 155.1% year-over-year, driven by strong sugar and distillery performance and cost efficiencies in the alcohol segment.

• Consolidated revenue from operations for Q1 FY27 was ₹1,950.14 crore, up from ₹1,904.17 crore in Q1 FY26, reflecting stable top-line performance.

• Debt and cost of funds reduced significantly, reflecting disciplined capital management and a strong balance sheet.

• Major corporate restructuring completed, including amalgamation of SSEL and demerger of the Power Transmission Business, enabling sharper business focus.

Financial highlights

• Revenue from operations grew 2% year-on-year to INR 1,581 crore, led by higher sugar sales and realizations.

• EBITDA increased 6% year-on-year; profit before tax was INR 5 crore versus a loss of INR 9 crore in Q1 FY26.

• Standalone gross debt reduced to INR 1,238 crore; average cost of funds dropped 70 bps to 6.8%.

• Total consolidated debt reduced to ₹914 crore in FY26, with debt-to-equity at 0.35x and average cost of debt at 5.1%.

• Record cash generation of ₹4,237 crore in FY21-26, with 35% returned to shareholders via dividends and buybacks.

Outlook and guidance

• Sugar industry outlook remains constructive, with domestic prices strengthening due to low inventories and tight supply-demand.

• Alcohol segment to benefit from government ethanol blending initiatives and focus on product mix and operational efficiencies.

• Water business expects to regain momentum with a healthy order book and ongoing bids, supported by rising infrastructure investments.

• Crop health is currently strong, but the next 6-10 weeks are critical for the upcoming season.

• The company highlighted the seasonality of the sugar business, indicating that quarterly results may vary.