Triveni Engineering Q4 FY25 Earnings Results: PAT Rose 16.2%, Share Price Soars 10%

Triveni Engineering share price rose as much as 10.41% on May 28, 2025, hitting ₹468.20, after it reported strong financial performance for the March quarter (Q4FY25). By 10:30 AM, the stock was up 8.55% at ₹460.30, while the BSE Sensex was slightly down by 0.27%.

Triveni Engineering Q4FY25 Earnings Performance at a Glance

• Revenue: Jumped 25.1% YoY to ₹1,629.3 crore (from ₹1,302.1 crore in Q4FY24).
   
• Profit After Tax (PAT): Rose 16.2% to ₹187.1 crore.
   
• EBITDA: Increased 21.5% YoY to ₹317.4 crore.
   
• EBITDA Margin: Slightly down to 19.5% from 20.1% last year.

Business Segment Highlights

Sugar Segment

Profit fell 12.8% due to higher sugarcane costs and poor recovery rates during production. The rising cost of production in Sugar Season 2023–24 and 2024–25 impacted margins.

Alcohol Segment

Earnings were hit by:

• Lower margins on maize-based ethanol.
• Reduced molasses-based ethanol sales due to less sugarcane crushing.
• Distillery shutdowns were caused by feedstock shortages.
• Higher internal molasses transfer prices.
• Losses from subsidiary Sir Shadi Enterprises Ltd (SSEL).

Power Transmission

Despite challenges in other areas, the Power Transmission segment had a stellar year in terms of revenue, profits, and order wins.

Debt and Cost of Funds

As of March 31, 2025, Triveni’s consolidated debt stood at ₹1,969.2 crore (vs. ₹1,411 crore in 2024). The standalone average cost of funds slightly rose to 6.9% from 6.5%.

Leadership Comment

Chairman and MD Dhruv M Sawhney acknowledged the challenges in the Sugar and Alcohol segments but expressed optimism for better performance ahead through strategic measures.

Read More, ITC Block Deal: BAT to Offload Over 2% Stake in FMCG Giant ITC. 

About Triveni Engineering

Triveni Engineering is a diversified industrial group with operations in:

• Sugar: 8 sugar mills in Uttar Pradesh.
   
• Alcohol: 5 distilleries producing ethanol, ENA, RS, and SDS.
   
• Power Transmission: Gear manufacturing in Mysuru.
   
• Water & Wastewater Treatment: Based in Noida.

It also produces and sells Indian Made Indian Liquor (IMIL) and Indian Made Foreign Liquor (IMFL), along with co-products like DDGS for the animal feed market.

Conclusion

Triveni Engineering’s solid Q4 results, particularly revenue and profit growth, boosted investor confidence despite pressure in its sugar and alcohol segments. The company’s focus on improving profitability and its strong presence in the power and infrastructure sectors suggest a positive outlook for the coming year.

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