TRIVENINSETriveni Engineering & Industries Limited· SugarMediumNeutral
Announced Fri, 29 May · 17:00 IST

Triveni Engineering & Industries Limited has informed the Exchange about Investors' Brief for Q4 & FY26

Order Pipeline DisclosedInvestor Communications View source PDF

TRIVENI · price

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Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹375.50
prior close
₹376.50
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AI summary

Triveni Engineering reported FY26 consolidated revenue of ₹6,290.5 crore, up 10.6% YoY, with PAT at ₹268.7 crore (+12.8%). Q4 saw a 7.4% revenue decline to ₹1,508 crore due to lower ethanol dispatches and deferment of PTB deliveries amid geopolitical tensions. The Distillery segment delivered a strong turnaround with PBIT up 200.8% for FY26, aided by lower maize procurement costs. The Composite Scheme of Arrangement (amalgamation of Sir Shadi Lal Enterprises effective May 19, 2026) became effective. PTB order book rose 25% to ₹485 crore, with enquiry levels doubling YoY. Gross debt increased to ₹2,148 crore on consolidated basis from ₹1,969 crore. The Board recommended a final dividend of ₹1.25 per share (total dividend ₹2.75/share including interim). The company flagged overcapacity in ethanol manufacturing and unchanged ethanol prices for three years despite rising cane costs as industry headwinds.

Likely market impact

The company's diversified operations delivered healthy FY26 results with strong profitability growth, driven by distillery turnaround, though Q4 was impacted by ethanol supply dynamics and PTB delivery deferments. The 25% higher order book in PTB and doubling of enquiries signal a positive near-term outlook, while the completed scheme of arrangement and upcoming demerger of the Power Transmission Business into TPTL could unlock shareholder value from FY27.