Investor Presentation
Awaiting price reaction for this filing.
Triveni Engineering & Industries reported FY25 consolidated revenue (net of excise) of ₹5,689.2 crore, up 9.0% YoY, but profitability took a sharp hit with PAT falling 39.7% to ₹238.3 crore and EBITDA declining 22.5% to ₹533.8 crore. Sugar segment PBIT fell 12.8% to ₹266.5 crore on higher production costs and lower recoveries in UP, while Alcohol/Distillery PBIT plunged 78.1% to ₹39.7 crore due to lower-margin grain ethanol and feedstock issues. Power Transmission was the standout, with revenue up 26.8% and PBIT up 18.4% to ₹126.8 crore, driven by record order bookings of ₹475.4 crore and a closing order book of ₹389.4 crore (up 35.5%). Water segment also posted a healthy closing order book of ₹1,600.8 crore (up 30.8%). The Board recommended a final dividend of ₹2.50/share and reiterated the ongoing Composite Scheme of Arrangement — amalgamation of SSEL and demerger of the PTB business into TPTL.
Mixed bag for shareholders — overall FY25 profits declined sharply on sugar and alcohol margin pressure, though the Power Transmission business continues to deliver strong growth and the restructuring (SSEL merger + PTB demerger) aims to unlock independent value for each vertical. The 35.5% jump in PTB order book and capacity expansion plans to ₹700 crore by Sept 2026 signal strong future earnings visibility for that segment.