Triveni Engineering & Industries Ltd (BOM:532356)
₹ 391.25 -5.8 (-1.46%) Market Cap: 85.64 Bil Enterprise Value: 89.04 Bil PE Ratio: 27.89 PB Ratio: 2.98 GF Score: 92/100

Q2 2025 Triveni Engineering and Industries Ltd Earnings Call Transcript

Nov 06, 2024 / 06:00AM GMT
Release Date Price: ₹404.6 (-3.03%)

Key Points

Positve
  • Triveni Engineering & Industries Ltd (BOM:532356) reported a 7.1% increase in revenues from operations for the half-year, reaching ₹2,792 crore.
  • The power transmission business achieved a 30% increase in revenues during Q2 FY25, marking its highest-ever quarterly turnover.
  • The company completed its highest-ever quarterly alcohol sales of 5.62 crore liters, a 9% increase over the corresponding period.
  • The defense business secured a significant order for propulsion shafting valued at ₹33.8 crore.
  • The water business saw improved performance with order bookings aggregating to approximately ₹450 crore, including new EPC projects.
Negative
  • The sugar business profitability remained subdued due to no manufacturing operations during the quarter and offseason expenses being expensed.
  • The alcohol business faced challenges due to a shortage of molasses-based feedstock and high procurement costs of maize.
  • The company reported a ₹12.4 crore loss related to the recently acquired subsidiaries of Shadri Enterprises.
  • Net debt increased to ₹418.8 crore as of September 30, compared to ₹101 crore the previous year.
  • The water business experienced a decline in revenues due to delays in project execution and order awards.
Operator

Ladies and gentlemen, good day and welcome to Triveni Engineering and Industries Limited Q2 and H1 FY25 earnings conference call. (Operator Instructions). I now hand the conference over to Mr Rishab Barar from CDR India. Thank you and over to you Mr Barar.

Rishab Barar
Citigate Dewe Rogerson - India - Senior Consultant

Thank you. Good day, everyone and a warm welcome to all of you participating in Triveni Engineering and Industries, Q2 and H1 FY25 earnings conference world we have with us today, Mr Tarun Sawhney, Vice Chairman and Managing Director; Mr. Suresh Taneja, CFO; Mr. Sameer Sinha, CEO - Sugar Business Group; as well as other members of the senior management team.

Before we begin, I would like to mention that some statements made in today's discussion may be forward-looking in nature and a statement of this effect has been included in the invite which was shared with everyone earlier.

I would also like to emphasize that while this call is open to all invitees, it may not be broadcasted or reproduced in any form or manner.

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