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Earnings Call

Triveni Engineering & Industries Earnings Call: Key Takeaways

Triveni reported FY26 revenue of ₹6,291 crore (up 10.6%) and net profit of ₹268.7 crore (up 12.8%). The company successfully approved its composite scheme for demerger of the Power Transmission business.

Highlights
Revenue growth₹6,291 crore, +10.6% YoY
MarginsEBITDA rose to 16.9%; PBIT margin at 35% for PTB
Order bookPower Transmission: <₹500 crore (+25%); Water: ₹1,500 crore
Demand visibilityStrong order book in engineering; robust enquiry pipeline
Management confidenceHigh on TPTL independent listing and ethanol expansion

Growth

FY26 Revenue: ₹6,291 crore (+10.6%); PBT: ₹378 crore; Net Profit: ₹268.7 crore (+12.8%). Distillery vertical saw record production.

Outlook

₹340 crore gearbox/defence capex to finish by Sept 2026; targeting >50% export mix for Power Transmission business.

Risks

Agro-climatic factors reduced cane crush by 8.8%; diversion to jaggery; geopolitical inactivity impacting engineering exports in Q4.

Last quarter's promises, checked

Delivered

  • Demerger of PTB on track for Q4 → Approved by shareholders/creditors in Dec 2025 (= BEAT)
  • Commissioning of Defence factory in Dec → Factory commenced manufacturing operations (= BEAT)
  • Sugar production ~9 million tonnes for UP → Production broadly same as last year (= BEAT)

Partly delivered

  • 1 million metric tonnes sugar export → Contracted but pricing pressure/oversold position creates uncertainty (= PARTIAL)

Missed

  • Q3 order booking expected to increase → Order booking muted due to delayed decision-making (= MISS)
Source

Earnings Call filed with BSE, NSE: TRIVENI. Summary written with AI assistance from the document.

Read the document ↗

Triveni Engineering & Industries Ltd: key numbers

Share price
₹247.55
Market cap
₹5,455 Cr
Revenue (annual)
₹6,290 Cr
Net profit (annual)
₹268.7 Cr
P/E (TTM)
19.4×Sector 29.0×
Promoter holding
60.58%-0.40% QoQ
FII holding
7.69%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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