Triveni Engineering & Industries reported a more than fourfold jump in consolidated net profit to ₹93.65 crore in the September quarter, supported by higher sugar realisations, a favourable product mix in the alcohol business and stronger by-product income.
New Delhi, November 3 — Triveni Engineering & Industries Ltd reported a sharp improvement in its financial performance for the second quarter of FY27, with consolidated net profit rising to ₹93.65 crore.
The company had posted a net profit of just ₹21.38 crore in the corresponding quarter of the previous financial year.
Total income increased to ₹2,069.49 crore during the September quarter from ₹1,927.13 crore in the year-ago period.
Performance also improved significantly during the first six months of FY27. Net profit for the April-September period increased to ₹97.30 crore from ₹23.48 crore a year earlier, while total income rose to ₹4,030.07 crore from ₹3,854.40 crore.
Triveni Engineering operates across the sugar, alcohol and water management businesses.
Chairman and Managing Director Dhruv M Sawhney attributed the sharp turnaround in profitability to higher sugar realisations, a favourable product mix in the alcohol business, stronger income from DDGS and continued cost discipline.
The company’s sugar business benefited from firm domestic prices and a tight supply-demand balance, although the market witnessed significant volatility and policy intervention during the quarter.
Triveni is now looking to increase sugarcane crushing after volumes declined over the past three to four years.
However, the company said India’s sugar production outlook remains exposed to weather-related risks in major producing states such as Maharashtra and Karnataka.
The alcohol business recorded stronger earnings due to higher grain-based ethanol dispatches, improved DDGS realisations and better operational efficiencies.
However, Triveni flagged challenges from the latest ethanol tender by oil marketing companies. The tender excludes ethanol produced from sugarcane juice or syrup and B-Heavy molasses while reducing the price of maize-based ethanol.
The company said higher maize procurement costs and lower ethanol prices could create a more challenging near-term operating environment.
Triveni currently operates eight sugar mills in Uttar Pradesh and six co-generation power plants across five sugar units, with 104.5 MW of grid-connected co-generation capacity.
Its distilleries also manufacture ethanol and other alcohol products, including Extra Neutral Alcohol and Rectified Spirit.
