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Earnings Call Transcript

Triveni Engineering & Industries Earnings Call Transcript: Key Takeaways

Triveni reported FY26 consolidated net revenue of ₹6,291 crore, up 10.6% YoY. PAT reached ₹269 crore (+12.8% YoY) despite Q4 headwinds.

Highlights
Revenue growth10.6% YoY in FY26
MarginsEBITDA margin improved to 9.9% from 9.4% in FY25
Order bookPTB: ₹485 crore; Water: ₹1,503 crore
Demand visibilityStrong distillery demand via OMCs; 25% higher PTB order book
Management confidenceHigh regarding distillery turnaround and PTB order book

Growth

FY26 EBITDA rose 16.9% to ₹623.8 crore. Distillery PBIT surged 200.8% YoY due to higher sales volume and grain feedstocks.

Outlook

Power Transmission Business demerger effective FY27. PTB order book is up 25%. Ethanol blending targets of 20% support distillery outlook.

Risks

Geopolitical tensions in West Asia impacted PTB deliveries. High sugar inventory and sugarcane price hikes of ₹300/MT pose margin challenges.

Last quarter's promises, checked

Delivered

  • Guided demerger completion by Aug 2026 → delivered NCLT approval 19 May 2026 (= BEAT)
  • Guided higher sugar recovery → delivered 11.06% (+26 bps) (= BEAT)
  • Guided PTB order book growth → delivered 25% increase to ₹485cr (= BEAT)

Partly delivered

  • Guided Defence facility completion → delivered ₹78cr spent with some small delays (= PARTIAL)

Missed

  • Guided sugarcane crush levels → delivered 8.25MT (-8.8% YoY) (= MISS)
  • Guided PTB Q4 revenue stability → delivered Q4 decline due to West Asia geopolitical delays (= MISS)
Source

Earnings Call Transcript filed with NSE, 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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