Triveni Engineering and Industries Ltd on Tuesday, July 29, reported an 86% drop in net profit year-on-year to ₹4.4 crore, compared to ₹31.2 crore in the same quarter last year. However, the company’s revenue rose 22.8% to ₹1,598 crore from ₹1,301 crore a year ago.
Earnings before interest, taxes, depreciation, and amortisation (EBITDA) also fell in the June quarter by 38% at ₹53.3 crore from ₹85.8 crore a year ago. The margins shrank to 3.3% compared to 6.6% in Q1FY25.
The weak earnings are surprising, considering the company’s performance in the last quarter of FY25. The company reported a healthy set of earnings for the March quarter, with net profit rising 13.7% YoY to ₹183 crore. The company’s revenue grew 24.4% to ₹1,925.3 crore from ₹1,548 crore a year ago, reflecting strong performance across its diversified business segments.
The company cited its completed acquisition of Sir Shadi Lal Enterprises (SSEL) as the reason for the significant difference in the latest quarterly performance compared to the results in the same quarter last year.SSLEL became a subsidiary of Triveni Engineering with effect from June 20, 2024, and the financial results of the previous period(s) include the results of SSLEL, and as a result, the figures for the current quarter are not comparable with the corresponding quarter of the previous year, the company said.
Triveni Engineering is one of India’s leading integrated sugar producers and a prominent player in ethanol production. It also operates in water treatment, power transmission, and the defence sector, making it a diversified industrial conglomerate.
In a stock exchange filing dated July 24, the company has stated that the Supreme Court had upheld a state excise department order demanding export fees of ₹46.8 crore on denatured alcohol for the period between August 25, 2018, and June 30, 2025. The company is contesting the matter through an Industry Association, the update said.
Shares of the company ended 1.7% higher at ₹367.7 on the BSE today (July 29). The stock has declined by over 20% in the year so far.
First Published: Jul 29, 2025 6:05 PM IS
