Noida, India | February 4, 2025 – Triveni Engineering & Industries Limited (NSE: TRIVENI, BSE: 532356) has reported its unaudited financial results for Q3 and nine months ended December 31, 2024 (9M FY25). The company posted revenue from operations of ₹1,600.3 crore for Q3 FY25, while net profit after tax stood at ₹42.57 crore.
Key Financial Highlights (Consolidated)
Q3 FY25 vs Q3 FY24
| Particulars | Q3 FY25 (₹ Cr) | Q3 FY24 (₹ Cr) | YoY Change (%) |
|---|---|---|---|
| Revenue from Operations | 1,600.30 | 1,553.64 | +3.0% |
| Total Income | 1,624.20 | 1,575.55 | +3.1% |
| EBITDA | NA | NA | NA |
| Profit Before Tax (PBT) | 57.56 | 182.09 | -68.4% |
| Net Profit (PAT) | 42.57 | 137.40 | -69.0% |
| EPS (₹) | 1.94 | 6.28 | -69.1% |
9M FY25 vs 9M FY24
| Particulars | 9M FY25 (₹ Cr) | 9M FY24 (₹ Cr) | YoY Change (%) |
|---|---|---|---|
| Revenue from Operations | 4,882.66 | 4,603.28 | +6.1% |
| Total Income | 4,931.05 | 4,649.75 | +6.1% |
| Profit Before Tax (PBT) | 69.06 | 312.25 | -77.9% |
| Net Profit (PAT) | 51.14 | 234.12 | -78.2% |
| EPS (₹) | 2.34 | 10.70 | -78.1% |
Segment Performance (Q3 FY25)
Sugar & Allied Businesses
- Sugar Revenue: ₹929.50 crore (↓9.5% YoY)
- Distillery Revenue: ₹652.83 crore (↑18.8% YoY)
- Segment Profit: ₹44.67 crore (↓71.6% YoY)
Engineering Businesses
- Power Transmission Revenue: ₹73.41 crore (↑3.3% YoY)
- Water Business Revenue: ₹49.12 crore (↓7.6% YoY)
- Segment Profit: ₹34.02 crore (↑4.2% YoY)
Corporate Announcements
- Reappointment of Managing Director
- Dhruv M. Sawhney reappointed as Chairman & Managing Director for a five-year term (March 31, 2025 – March 30, 2030).
- Appointment of Secretarial Auditor
- M/s Suresh Gupta & Associates appointed for FY 2024-25.
- Capital Expenditure Plan
- ₹60 crore capex approved to expand Power Transmission business capacity to ₹700 crore (completion by September 2026).
- Strategic Restructuring
- The board approved a Composite Scheme of Arrangement for the amalgamation of Sir Shadi Lal Enterprises Ltd. (SSLEL) into Triveni Engineering and the demerger of its Power Transmission Business into Triveni Power Transmission Ltd..
Management Commentary
Dhruv M. Sawhney, CMD, stated:"While our sugar business faced pricing challenges, we are optimistic about long-term growth driven by the ethanol blending program and increasing power transmission demand. Our strategic restructuring will further enhance operational efficiencies and unlock shareholder value."
Outlook & Key Takeaways
- Ethanol demand remains strong, providing resilience to the business model.
- Ongoing capex in Power Transmission will boost non-sugar revenue diversification.
- Restructuring efforts (SSLEL amalgamation & business demerger) expected to unlock value.
- Sugar price volatility remains a concern, requiring close monitoring.