Triveni Q4 FY26 Investor Presentation Highlights Restructuring

Sugarcane crushing capacity of 70,500 tonnes per day.
Distillery/Alcohol capacity of 860 KLPD (Kilo Liters Per Day), excluding a 100 KLPD unit at Shamli.
Power co-generation capacity of 104.5 Mega Watt.
Over 12,500 Power Transmission gearbox installations worldwide.
Water & Wastewater treatment projects handling over 12,200 MLD.

Sugar Business:

FY26 witnessed a volume growth of 10.4% year-on-year (YoY).
Sugar realization prices were higher by 3.8% YoY.
The segment profitability was impacted by an increase in cane price of ₹300 per metric tonne, though this was partially mitigated by higher realizations and recoveries.
An upward revision in power export tariff, granted retrospectively from 01 April 2024, resulted in an additional profit of ₹31 crores.
Sugar inventory as on 31 March 2026 was 59.7 lakh quintals, valued at ₹38.09/kg (31 March 2025: 60.4 lakh quintals valued at ₹37.62/Kg).

Alcohol Business:

Higher production and sales volume in FY26 due to full operations, compared to FY25 which was impacted by the stabilization of a new grain distillery commissioned in April 2024.
Improvement in profitability was driven by lower procurement cost of maize, higher sales volume, and internal operational efficiencies.
The Indian Made Indian Liquor (IMIL) business is among the top 5 players in Uttar Pradesh.
The Indian Made Foreign Liquor (IMFL) range was recently expanded to Delhi.

Power Transmission Business (PTB):

Turnover saw a marginal increase of 1% for FY26.
The business maintained PBIT margins at approximately 35% through cost optimization.
Product enquiries in FY26 doubled compared to FY25; Aftermarket segment enquiries grew by 43%.
The closing order book was higher by 24% year-on-year.
24 new international customers were registered in the product segment during FY26.

Water Business:

The business has been operating for over 40 years.
The outstanding order book as on 31 March 2026 stood at ₹1,503 crores, which includes ₹1,077 crore towards long-term Operations & Maintenance (O&M) contracts.

| | Q4 FY26 | Q4 FY25 | Change % | FY 26 | FY 25 | Change % |

| Revenue from Operations (Gross) | 1,834 | 1,925 | (4.8) | 7,621 | 6,808 | 11.9 |

| Revenue from Operations (Net of excise duty) | 1,508 | 1,629 | (7.4) | 6,291 | 5,689 | 10.6 |

| EBITDA | 286 | 317 | (10.0) | 624 | 534 | 16.9 |

| EBITDA Margin | 18.9% | 19.5% | (0.6) | 9.9% | 9.4% | 0.5 |

| Profit Before Tax before exceptional item | 221 | 255 | (13.4) | 378 | 324 | 16.7 |

| Profit Before Tax (PBT) | 229 | 255 | (10.1) | 364 | 324 | 12.3 |

| Profit After Tax (PAT) | 167 | 187 | (10.5) | 269 | 238 | 12.8 |

| EPS (not annualised) (₹/share) | 7.60 | 8.55 | (11.1) | 12.19 | 10.88 | 12.0 |

Net turnover growth of 10.6% for FY26 was driven by higher sales volume in sugar and distillery segments and improved sugar realizations.
Profitability (before exceptional items) increased by 16.7% for FY26, mainly attributable to the Distillery segment.
FY21-FY26 Gross Revenue CAGR was 10.1%.
Revenue contribution from non-sugar businesses rose from 20% in FY21 to 46% in FY26.

ICRA Long Term Credit Rating of AA+ (Stable), reaffirmed on 27 May 2026 after being placed on watch.
The company has a history of improved leverage and reduced cost of funds.

The Power Transmission business is executing capacity additions to reach a gears capacity of ₹700 crore by September 2026.
Investments are being made towards new machinery for power transmission and defence products, a dedicated Aftermarket bay, and a new multi-modal defence facility.

For Defence: Major machinery (CNC lathe, Deep hole drilling, Boring machine) has been installed and commissioned at the new facility, with production in progress.
The company is evaluating international opportunities in Water & Wastewater treatment projects, particularly those with assured funding from multilateral agencies.

Sugar Industry: The market is projected to be in a deficit of 0.4 MMT for Sugar Season (SS) 2025-26. The government is urged to increase the MSP of sugar.
Ethanol Blending: For Ethanol Supply Year (ESY) 2025-26 cycle 1, Oil Marketing Companies (OMCs) have allocated 1,048 crore litres. Policies for blending \"Beyond E20\" and promoting flex-fuel vehicles are being evaluated.
Power Transmission: The domestic outlook is promising with robust industrial capex and economic growth.
Water: New opportunities are emerging in recycle, reuse, and Zero Liquid Discharge (ZLD) projects, supported by government funding.

Sugar: Expecting a relatively low impact of El-Nino in their areas. Key interventions are underway to improve efficiencies and plant reliability.
Alcohol: Hopeful of a Government announcement enhancing ethanol prices from sugarcane-based feedstocks. Focus on enhancing efficiencies and market presence in IMFL.
Power Transmission: Significant uptick in enquiry levels, especially from the export market. Continued engagement with key OEMs to expand in the export market.
Restructuring: The National Company Law Tribunal (NCLT) approved the Composite Scheme of Arrangement on 07 May 2026 & 18 May 2026; it became effective on 19 May 2026. The amalgamation of Sir Shadi Lal Enterprises with Triveni Engineering and the demerger of the Power Transmission Business into Triveni Power Transmission Ltd. is aimed at sharpening focus and unlocking value.
Shareholder Returns: Dividend of ₹2.75 per equity share proposed for FY26. The company has a dividend payout policy in the range of 15-25% of normal business income after tax. Concluded a record buyback of ₹800 crore in FY23.

The company adheres to the highest ethical and corporate governance standards.
It focuses on sustainable processes, reducing carbon footprint, promoting energy efficiency, and maintaining ecological balance.
It harnesses co-products to promote a circular economy and is committed to community development and social empowerment.