Triveni Engineering Q1 FY27: Revenue Up 2.1% to ₹1,581 Cr, PAT at ₹4 Cr Post Demerger
Triveni Engineering reported Q1 FY27 consolidated revenue of ₹1,581 crore, up 2.1% YoY. PAT stood at ₹4 crore. The Power Transmission Business was demerged. Sugar revenue grew 5.6% to ₹1,235 crore, while Alcohol business profitability improved despite lower revenue. Consolidated gross debt reduced to ₹1,301 crore.
The results show modest revenue growth and a turnaround in profitability for key segments. The demerger of the Power Transmission Business represents a significant corporate action, but the immediate financial impact on the core businesses is moderate.
The company reported revenue growth and improved profitability in key segments like Sugar and Alcohol, alongside a significant reduction in debt. The demerger is seen as a strategic move towards a more focused business model.
Triveni Engineering & Industries Ltd. announced its consolidated financial results for the first quarter of FY27, ended June 30, 2026. Following the effectiveness of the Composite Scheme of Arrangement and the demerger of the Power Transmission Business (PTB) into Triveni Power Transmission Limited (TPTL) effective May 19, 2026, the company reported a revenue from operations (net of excise duty) of ₹1,581 crore, a 2.1% year-on-year increase. The EBIDTA margin improved by 14 basis points to 4.0%. Profit Before Tax stood at ₹5 crore, and Profit After Tax was ₹4 crore.
The company attributed the profitability improvement to better operating performance in its Sugar and Alcohol segments. The Sugar business saw revenue grow by 5.6% to ₹1,235 crore, driven by higher sales volume and improved realisations, despite increased sugarcane prices. The Alcohol business's revenue declined by 12.8% to ₹373 crore (net of excise duty) due to lower sales orders, but its profitability improved by 32.3% to ₹31 crore, supported by lower maize procurement costs and better by-product realisations.
The Water business revenue decreased by 21.3% to ₹43 crore, with a PBIT of ₹2 crore. The company highlighted that the Power Transmission Business (PTB) has been demerged and vested in TPTL effective April 01, 2026, and its financial results for the previous period have been classified under 'Discontinued operations'.
Mr. Dhruv M. Sawhney, Chairman and Managing Director, commented that FY27 marks a new chapter for the company as a focused Sugar, Alcohol, and Water solutions provider. He expressed confidence in medium-to-long-term prospects, noting efforts to improve sugarcane availability and operational efficiencies in Sugar, and leveraging integrated manufacturing in Alcohol. The company also reported a significant reduction in gross debt on a consolidated basis to ₹1,301 crore as of June 30, 2026, down from ₹1,678 crore in the previous year, with an overall average cost of funds reducing to 6.8%.
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