TRIVENITriveni Engineering & Industries Ltd.
Triveni Engineering & Industries Q2 FY27 Results: Consolidated Net Profit ₹93.65 Crore on Total Income of ₹2,069 Crore
- Earnings
- sugar and engineering
Reviewed byKeshav SehgalBlacklitt Research
Triveni Engineering & Industries (NSE: TRIVENI) reported consolidated total income of ₹2,069.49 crore and net profit of ₹93.65 crore for the quarter ended 30 Sep 2026, it said in a filing on 02 Nov 2026. Standalone total income was ₹2,066.04 crore and standalone net profit was ₹86.59 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,069.49 crore, up 7.4% YoY and 5.6% QoQ
- Net profit and EPS: ₹93.65 crore against a loss of ₹11.49 crore a year earlier; basic EPS ₹4.25
- Finance costs: ₹14.90 crore, down 29.8% YoY and 53.3% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹2,066.04 crore, up 7.4% YoY and 5.6% QoQ
- Net profit and EPS: ₹86.59 crore against a loss of ₹12.79 crore a year earlier; basic EPS ₹3.93
- Finance costs: ₹13.70 crore, down 29.6% YoY and 55.3% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,069.49 | 1,927.13 | +7.4% | 1,960.58 | +5.6% | |
| Revenue from operations | 2,049.06 | 1,905.42 | +7.5% | 1,950.14 | +5.1% |
| Other income | 20.43 | 21.71 | -5.9% | 10.44 | +95.7% |
| 93.65 | -11.49 | n/a | 3.65 | n/a | |
| Profit before tax | 126.14 | -16.12 | n/a | 4.68 | n/a |
| Finance costs | 14.90 | 21.24 | -29.8% | 31.92 | -53.3% |
| Depreciation | 31.61 | 30.85 | +2.5% | 31.23 | +1.2% |
| Tax expense | 32.49 | -4.63 | n/a | 1.03 | n/a |
| Net profit margin | 4.53% | -0.60% | +5.12 pp | 0.19% | +4.34 pp |
| EPS, basic (₹) | 4.25 | -0.52 | n/a | 0.17 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Growth in consolidated total income is mostly operating. Revenue from operations rose 7.5% YoY to ₹2,049.06 crore, while other income fell 5.9% to ₹20.43 crore. Other income is 16.2% of consolidated profit before tax of ₹126.14 crore, so the profit before tax rests largely on operations.
Finance costs fell to ₹14.90 crore from ₹21.24 crore a year earlier, which is 0.7% of total income. Consolidated net profit of ₹93.65 crore is ₹7.06 crore higher than the standalone figure, and the tax expense of ₹32.49 crore is 25.8% of profit before tax.
The notes say the sugar business is seasonal and that performance may vary from quarter to quarter. The filing does not give the reason for the step-up from the ₹3.65 crore profit of the previous quarter.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,066.04 | 1,923.24 | +7.4% | 1,956.64 | +5.6% | |
| Revenue from operations | 2,048.95 | 1,905.46 | +7.5% | 1,949.91 | +5.1% |
| Other income | 17.09 | 17.78 | -3.9% | 6.39 | +167.4% |
| 86.59 | -12.79 | n/a | -1.72 | n/a | |
| Profit before tax | 116.64 | -17.99 | n/a | -2.34 | n/a |
| Finance costs | 13.70 | 19.46 | -29.6% | 30.67 | -55.3% |
| Depreciation | 31.64 | 31.42 | +0.7% | 31.26 | +1.2% |
| Tax expense | 30.05 | -5.20 | n/a | -0.62 | n/a |
| Net profit margin | 4.19% | -0.67% | +4.86 pp | -0.09% | +4.28 pp |
| EPS, basic (₹) | 3.93 | -0.58 | n/a | -0.08 | n/a |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone revenue from operations rose 7.5% YoY to ₹2,048.95 crore, while other income fell 3.9% to ₹17.09 crore. Other income is 14.7% of standalone profit before tax of ₹116.64 crore.
Standalone net profit of ₹86.59 crore compares with a loss of ₹12.79 crore a year earlier and a loss of ₹1.72 crore in the previous quarter. Standalone tax expense of ₹30.05 crore is 25.8% of profit before tax.
For the six months, the notes give standalone profit before tax of ₹114.30 crore and consolidated profit before tax of ₹130.82 crore.
Inference
The notes record a composite scheme of arrangement effective from 19 May 2026, under which Sir Shadi Lal Enterprises Limited was amalgamated and the Power Transmission Business was demerged into Triveni Power Transmission Limited, which became an associate. The statutory auditors' limited review reports are unmodified, drawing attention to this scheme.
The company paid a final dividend of ₹27.55 crore for FY ended 31 Mar 2026, approved at the AGM on 07 Sep 2026. The filing does not say what dividend, if any, will follow, nor the reason for the change in profit between quarters.
Filed with BSE on . Reference: Original filing (PDF)
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