Triveni Engineering & Industries Limited — Investor Meet, 11-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Triveni Engineering reported strong H1 FY26 with revenues up 18.4% to over ₹3,300 Cr, PBT at ₹32 Cr (vs ₹11.5 Cr), and PAT at ₹23.5 Cr (vs ₹8.6 Cr), driven by Distillery and Engineering. Sugar profitability was subdued in the off-season. Management noted improved maize ethanol margins (~₹11-12/litre) but acknowledged industry-wide excess ethanol capacity. The Power Transmission business expects robust growth and high PBIT margins (H1 ~36%) due to product mix & cost cuts, with defense facility starting in December. The Water business sees new opportunities. The demerger plan is on track for Q4, with management expressing confidence for FY26.