Triveni Engineering Q1 FY27: Sugar and Alcohol Lift Profitability After PTB Demerger

Revenue from operations (gross) was INR 1,950 crore; revenue net of excise duty was INR 1,581 crore. EBITDA was INR 63 crore (4.0% margin). PBT was INR 5 crore and PAT was INR 4 crore for continuing operations.

Sugar dispatches were 2,77,403 tonnes (+7.4% YoY) and average realisation was INR 41,525 per MT (+2.7% YoY). Segment revenue was INR 1,235 crore and PBIT was INR 14 crore.

Alcohol sales volume fell 19.0% YoY, but distillery PBIT rose to INR 31 crore due to lower maize procurement costs, improved DDGS by-product realisations, and cost optimisation measures as stated by management.

The Power Transmission Business was demerged and vested in Triveni Power Transmission Limited (TPTL) w.e.f. April 1, 2026. TEIL’s holding in TPTL reduced to 29.88% after TPTL issued shares to TEIL shareholders in the ratio of 1 TPTL share (INR 2) for every 3 TEIL shares (INR 1), making TPTL an associate.

Water segment revenue was INR 43 crore with PBIT of INR 2 crore. Closing order book stood at INR 1,472 crore, including INR 1,065 crore of long-duration O&M contracts.

Standalone gross debt was INR 1,238 crore at June 30, 2026 (vs INR 1,603 crore a year earlier). Consolidated gross debt was INR 1,301 crore (vs INR 1,678 crore). Consolidated average cost of funds reduced to 6.8% in Q1 FY27 from 7.5% in Q1 FY26.