Triveni Engineering's Profit Down by 39.7%
By Ankur Chandra | Updated at: May 31, 2025 07:30 PM IST
NOIDA, May 27, 2025 – Triveni Engineering & Industries Ltd. (BSE: 532356, NSE: TRIVENI) has announced its financial reports for Q4 and the full FY25. The reports showcase growth in its revenue but profitability problems in key verticals.
Consolidated Key Financial Highlights
| Particulars | FY25 | FY24 | Change (%) |
|---|---|---|---|
| Revenue from Operations (Net) | ₹5,689.2 Cr | ₹5,220.1 Cr | +9.0% |
| EBITDA | ₹533.8 Cr | ₹688.4 Cr | -22.5% |
| Profit Before Tax (PBT) | ₹324.2 Cr | ₹529.0 Cr | -38.7% |
| Profit After Tax (PAT) | ₹238.3 Cr | ₹395.2 Cr | -39.7% |
| EPS | ₹10.88 | ₹18.05 | -39.7% |
| Final Dividend | ₹2.50/share | ₹2.00/share | +25.0% |
Segment-Wise Performance
Sugar Business
- FY25 Revenue: ₹3,967 Cr (+2.8%)
- PAT Impact: Segment profit dipped 12.8% to ₹266.5 Cr due to increased sugarcane costs and reduced recovery rates.
- Sugarcane Crush (Consolidated): 9.05 million tonnes (↑9.6% YoY)
- Net Recovery: Dropped to 10.13% from 10.78%
“Our refined and pharma-grade sugar now accounts for 73% of production, which should support future realizations,” said Chairman Dhruv M. Sawhney.
Alcohol (Distillery) Business
- FY25 Net Revenue: ₹1,473.5 Cr (+15.7%)
- PBIT: ₹39.7 Cr (↓78.1% YoY)
- Sales Mix: Ethanol accounted for 92% of alcohol sales, with 51% being grain-based ethanol.
- Margins were impacted due to high maize-based ethanol and plant shutdowns from feedstock shortages.
“We aim to improve molasses availability and reduce procurement costs through feedstock flexibility,”noted the management.
Power Transmission Business
- FY25 Revenue: ₹369.9 Cr (↑26.8%)
- PBIT: ₹126.8 Cr (↑18.4%)
- Order Booking: ₹475.4 Cr (↑26.6%)
- Closing Order Book: ₹389.4 Cr (↑35.5%)
Water Business
- FY25 Revenue: ₹234.2 Cr (↓4.9%)
- PBIT: ₹32.8 Cr (↑4.4%)
- Order Inflow: ₹586.2 Cr
- Closing Order Book: ₹1,600.8 Cr (↑30.8%)
Corporate Developments
- Amalgamation: Proposed merger of Sir Shadi Lal Enterprises Ltd. (SSEL) into Triveni and demerger of Power Transmission business into Triveni Power Transmission Ltd. The proposal is awaiting regulatory approvals.
- SSEL Acquisition: The Company acquired a 61.77% stake, effective from June 24.
- Debt Position: Gross consolidated debt rose to ₹1,969.2 Cr from ₹1,411 Cr YoY, with an average cost of 6.9%.
Strategic Outlook
Triveni aims to enhance sugarcane recovery and crop yield by implementing varietal substitution and improved agronomic practices. When it comes to its distilleries, it wants to focus on utilising its feedstock in an efficient manner and capture more market opportunities in the ethanol blending program.
“Despite a tough year, our fundamentals remain strong. With improved order books and diversified capabilities, we are confident of delivering sustainable growth,” said Mr. Sawhney.
Dividend History (Recent Years)
| FY | Dividend (₹/share) |
|---|---|
| FY25 | 2.50 (Proposed) |
| FY24 | 2.00 |
| FY23 | 2.00 |
| FY22 | 1.75 |
About the Company:
Triveni Engineering & Industries Ltd. is an Indian company which is one of India’s largest integrated sugar and ethanol producers. It was founded in 1932 and is headquartered in Noida, India.
REF: https://nsearchives.nseindia.com/corporate/TRIVENI_27052025203031_TEIL_INVES_BRIEF_MAR25.pdf
