Triveni Engineering Q1 FY27 Revenue Rises 2% YoY

Event Type: The document contains the transcript of a post-results earnings conference call held following the announcement of the company's unaudited financial results for Q1 FY27.
Event Date & Time: The Analyst/Investor Conference Call was held on 30th July, 2026. A specific start time was not disclosed in the transcript.
Purpose of Event: The primary purpose was to discuss the company's financial and operational performance for the first quarter of fiscal year 2027 (Q1 FY27), ended June 30, 2026. The call was held post-results announcement.
Management Participants: The management team on the call included:
Mr. Tarun Sawhney, Vice Chairman and Managing Director
Mr. Suresh Taneja, Group CFO
Mr. Sameer Sinha, CEO, Sugar Business
Mr. Gavin Desa (Moderator)
Availability of Materials: The transcript of the call was filed with the BSE and NSE and is also available on the company's website at www.trivenigroup.com. The invite for the call included a disclaimer regarding forward-looking statements.
UPSI Statement: The transcript includes a standard disclaimer that some statements made during the call may be forward-looking in nature, as was mentioned in the invite. There is no explicit statement confirming that no Unpublished Price Sensitive Information (UPSI) was shared.

Consolidated Performance (Continuing Operations):

Revenue from operations grew 2% year-on-year to ₹1,581 crores.
EBITDA increased by 6% year-on-year.
Profit Before Tax (PBT) stood at ₹5 crores, compared to a loss of ₹9 crores in Q1 FY26.
Standalone gross debt reduced to ₹1,238 crores (Term loans: ₹376 cr, Working capital: ₹862 cr) from ₹1,603 crores a year ago.
The consolidated average cost of funds reduced by 70 basis points to 6.8% from 7.5% in the previous corresponding quarter.
The company accounted for a ₹4.35 crores share of profit from Triveni Power Transmission Ltd. in its consolidated accounts.

Business-wise Performance:

Sugar Business:

Segment revenue rose 6% YoY to ₹1,235 crores.
Segment PBIT increased 82% YoY to ₹14 crores.
Sugar inventory as of June 30, 2026, was 3.59 lakh MT valued at ₹38.41/kg, down from 4.45 lakh MT valued at ₹37.41/kg a year ago.
Current sugar prices were cited as approx. ₹4,600/quintal for refined sugar and ₹4,525/quintal for sulphitation sugar.

Distillery Business:

Revenue declined 13% YoY to ₹373 crores due to lower offtake.
Sales volume was 50,483 kilolitres, down 19% YoY.
Despite this, PBIT improved 32% YoY to ₹31 crores, aided by lower maize costs and better DDGS realisations.
Grain-based ethanol accounted for 61% of alcohol sales.

Water Business:

Revenue declined 21% YoY to ₹43 crores due to slower execution of EPC jobs.
PBIT declined to ₹2 crores.
The closing order book stood at a healthy ₹1,472 crores, which includes ₹1,065 crores of longer-duration O&M contracts.

Demerger Update: The composite scheme of arrangement became effective from May 19, 2026. The power transmission business was demerged and vested in Triveni Power Transmission Ltd. (TPTL) effective April 1, 2026. The record date for share allotment was July 22, 2026, and allotment was completed. The listing application for TPTL is expected to be submitted imminently, with listing anticipated in 4-6 weeks subject to regulatory approvals.
Sugar Outlook: The near-term industry outlook was described as constructive, supported by lower carry-forward inventories and tighter demand-supply dynamics. Government stock limits for dealers (effective Aug 1 - Nov 30, 2026) were noted. The monsoon's performance over the next 6 weeks was highlighted as critical for the upcoming season.
Ethanol Outlook: The medium-term outlook remains encouraging despite recent challenges. The company awaits a judicial resolution on ethanol allocations and noted the government's continued focus on the programme's foundational pillars: farmer benefit, foreign exchange savings, and energy security.

The document is an enclosed transcript of the conference call, filed with the stock exchanges.
No new financial data was disclosed in this specific filing; it is a verbatim record of the previously held call.
The transcript includes a comprehensive disclaimer noting it may contain inaccuracies or omissions due to the nature of transcription from an audio recording.