Triveni Engineering & Industries Limited — PPTs, 05-02-2025: Investor Presentation

**1. Financial Highlights:** For Q3 FY25, revenue from operations stood at ₹4,060 crore, a 3.6% increase year-over-year. However, profit before tax decreased significantly by 68.4% to ₹69.1 crore, and profit after tax saw a decline of 69.0% to ₹51.1 crore. The EBITDA margin contracted to 8.0% from 16.4% due to lower sugar prices and higher production costs.

**2. Strategic Initiatives and Growth Drivers:** The combined closing order book for the engineering business reached an all-time high of ₹2,356.3 crore, representing a 52.4% increase year-over-year. This growth reflects robust demand across segments, with significant investments, including a ₹60 crore capex approved for the power transmission business.

**3. Business Developments:** The government's decision to permit the export of 1 million tonnes of sugar in the ongoing sugar season, alongside a significant sugar export quota allocation for the company, is a positive development. Additionally, the ethanol pricing has been revised, leading to enhanced profitability potential in the alcohol segment.

**4. Market Position and Competitive Advantage:** Triveni continues to strengthen its foothold in the sugar and alcohol industries, leveraging a well-diversified portfolio and sustainable business practices. The recent approvals for restructuring to amalgamate subsidiaries are expected to create operational synergies and enhance market competitiveness.

**5. Investor Implications:** While challenges persist, particularly in sugar pricing and profit margins, strategic government policies and increased order booking in engineering showcase growth opportunities. Investors should monitor the company’s progress in enhancing its non-sugar revenue contribution, aiming for a balanced and resilient portfolio. Positive indicators suggest potential for recovery in the forthcoming quarters.